A 30-year mortgage for $145,000 is issued at a 6%nominal
Chapter , Problem 6-75(choose chapter or problem)
A 30-year mortgage for $145,000 is issued at a 6%nominal interest rate.(a)What is the monthly payment? b)How long does it take to pay off the mortgage, if$1000 per month is paid?(c)How long does it take to pay off the mortgage, if20% extra is paid each month?
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