Mathematics, 27.07.2021 21:00 ava5015
On March 1, you borrow $339,000 to buy a house. The mortgage rate is 6.75 percent APR compounded semi-annually. The loan is to be repaid in equal monthly payments over 20 years. The first payment is due on April 1. How much of the third payment applies to the principal balance [Hint: You need to make an amortization table up to 4 periods]?
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On March 1, you borrow $339,000 to buy a house. The mortgage rate is 6.75 percent APR compounded sem...
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