You have just taken on a 30-year, 6%, $300,000 mortgage and would like to pay it off

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You have just taken on a 30-year, 6%, $300,000 mortgage and would like to pay it off in 20 years. By how much will your monthly payment have to change to accomplish this objective?

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Financial Management Core Concepts

ISBN: 978-0132671033

2nd edition

Authors: Raymond M Brooks

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Question Posted: May 08, 2014 07:43 AM

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You have just taken on a 30-year, 6%, $300,000 mortgage and would like to pay it off

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Calculate the current monthly payment under the 30year 6 terms N ...View the full answer

Financial Management Core Concepts

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