Business, 06.04.2021 01:00 mawawakaiii
Rachel buys a house and takes out a $150,000 30-year mortgage. The interest rate is 12% convertible monthly and Rachel makes monthly payments of $1,400 for the first 3 years. Determine how large her monthly payment needs to be for the remaining 27 years in order to pay off the mortgage at the end of the 30-year period.
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Rachel buys a house and takes out a $150,000 30-year mortgage. The interest rate is 12% convertible...
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