Answer Happy

Posted: **Tue Nov 16, 2021 7:41 am**

: 02 A Borrower Obtained A Constant Amortisation Mortgage Cam Loan Of 450 000 For A Term Of 25 Years At An Interest Rat 1 (8.3 KiB) Viewed 74 times

02 A borrower obtained a constant amortisation mortgage (CAM) loan of $450.000 for a term of 25 years at an interest rate of 6%. Assuming the payments are made monthly, what will be the amount of the 20th payment? Round your answer to two decimal places