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Author Question: How many quarterly payments will it take for $400.00 deposited at the end of each quarter to amount ... (Read 80 times)

nmorano1

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Question 1

What is the term of a mortgage of $235 000.00 repaid by monthly payments of $2475.00 if interest is 7.55% compounded monthly?

Question 2

How many quarterly payments will it take for $400.00 deposited at the end of each quarter to amount to $11 453.40 at 6% compounded quarterly?


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Marked as best answer by nmorano1 on Jun 6, 2019

Missbam101

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nmorano1

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Reply 2 on: Jun 6, 2019
Thanks for the timely response, appreciate it


bigsis44

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Reply 3 on: Yesterday
Gracias!

 

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