Assuming a 56 stated annual interest rate for the mortgage


Suppose you make monthly mortgage payments of $2,545 and have 12 years left on the mortgage (next payment due next month). Assuming a 5.6% stated annual interest rate for the mortgage, how much would you need today to pay off the mortgage?

Request for Solution File

Ask an Expert for Answer!!
Financial Management: Assuming a 56 stated annual interest rate for the mortgage
Reference No:- TGS02300018

Expected delivery within 24 Hours