The martins can afford a max mortgage payment of 1500 per month. What is the max...
The martins can afford a max mortgage payment of 1500 per month. What is the max mortgage loan they can afford if the amortization period is 25 years and the interest rate is:
a) 5.5% compounded semi annually
b) 6.5% compounded semi annually
(Solve using financial calculator way)
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The martins can afford a max mortgage payment of 1500 per month.
What is the max...
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Jimmy paid off a mortgage by paying $750 per month for 14 years. What was the original amount of the mortgage if the interest rate charged was 5.50% compounded semi-annually?
Jimmy paid off a mortgage by paying $750 per month for 14 years. What was the...
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