A mortgage has an original principal of 227500 amortized


A mortgage has an original principal of $2,275,00 amortized over 25 years in monthly payments at 9.5% per annum interest. a) What is the monthly payment? b) What is the mortgage balance at the end of ten years?

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Finance Basics: A mortgage has an original principal of 227500 amortized
Reference No:- TGS0634995

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