A what will be the monthly payment on a 30-year 250000, Ask an Expert

Economics

a. What will be the monthly payment on a 30-year, $250,000 mortgage loan, where the interest rate is 6% per year, compounded monthly? How much interest is paid over the life of the loan?

b. What will be the monthly payment on a 30-year, $250,000 mortgage loan, where the interest rate is 6% per year, compounded continuously? How much interest is paid over the life of the loan?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91519472

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