Question
You have just applied for a 30-year $100000 mortgage at a rate of 10%. What must the annual payment be?
Answers
Strange mortgage with annual payments?
P( 1 - 1.1^-30)/.1 = 100000
solve for P
P( 1 - 1.1^-30)/.1 = 100000
solve for P
Hey can you please help out in the other questions too... I've been stuck for a while without help!!
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