Question: Your uncle will finance $ 3 8 2 , 0 0 0 for a new home...assuming a 1 5 year mortage, compounded monthly at the
Your uncle will finance $ for a new home...assuming a year mortage, compounded monthly at the APR. Compute the following: a His monthly payment b Amortization schedule for entire months. c The EAR of the APR and its significance verbal Assuming in Q your uncle refinances his mortgage in years, when the APR on a new year loan is please recompute his monthly PMTusing the initial loan PV amount as being the ending balance from the original loan th month
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