A fully amortizing mortgage is made for $100,000 at 6.5 percent interest. If the monthly payments are

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A fully amortizing mortgage is made for $100,000 at 6.5 percent interest. If the monthly payments are $1,000 per month, when will the loan be repaid?

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Real Estate Finance and Investments

ISBN: 978-0073377339

14th edition

Authors: William Brueggeman, Jeffrey Fisher

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Question Posted: Sep 26, 2018 12:26 PM

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A fully amortizing mortgage is made for $100,000 at 6.5 percent interest. If the monthly payments are

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The loan will be repaid in 81 months Solution n PMTi...View the full answer

Real Estate Finance and Investments

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