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Author Question: A $360 000.00 mortgage is amortized by making monthly payments of $2600. If interest is 7.5% ... (Read 229 times)

tatyanajohnson

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Question 1

For how long must $179.23 be deposited at the end of each month to accumulate to $9700.00 at 6.18% compounded quarterly?

Question 2

A $360 000.00 mortgage is amortized by making monthly payments of $2600. If interest is 7.5% compounded semi-annually, what is the term of the mortgage?


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Marked as best answer by tatyanajohnson on Jun 6, 2019

connor417

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tatyanajohnson

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Reply 2 on: Jun 6, 2019
Excellent


AngeliqueG

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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