You purchase a residential building lot in Queens for $390,650, put $70,000 down, and finance the balance

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You purchase a residential building lot in Queens for $390,650, put $70,000 down, and finance the balance for 15 years at 12% APR, compounded quarterly. What is your quarterly mortgage payment? please provide me with the formula and do it in excel.

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Fundamentals Of Business Mathematics In Canada

ISBN: 9781259370151

3rd Edition

Authors: F. Ernest Jerome, Jackie Shemko

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Posted Date: Sep 28, 2022 06:06 AM

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You purchase a residential building lot in Queens for $390,650, put $70,000 down, and finance the balance

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Building cost 390650 Down payment 70000 Loan amount PV 39065070000 320650 Inte... View the full answer

Fundamentals Of Business Mathematics In Canada

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