Assume mortgage payments of 1100 per month for 30 years and, Business Economics

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Assume mortgage payments of 1100 per month for 30 years and

a) Assume mortgage payments of $1100 per month for 30 years and an interest rate of 0.5% per month. What initial principal or PW will this repay?

b) Assume annual mortgage payments of $13,200 for 30 years and an interest rate of 6% per year. What initial principal or PW will this repay?

c) Assume annual mortgage payments of $13,200 for 30 years and an interest rate of 6.168% per year. What initial principal or PW will this repay?

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Business Economics: Assume mortgage payments of 1100 per month for 30 years and

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Business Economics: Assume mortgage payments of 1100 per month for 30 years and

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