A mortgage loan of $7.8 million is to be paid in 25 years using equal weekly payments and the interest rate is 5.76 perc
Posted: Wed Apr 06, 2022 9:02 am
A mortgage loan of $7.8 million is to be paid in 25 years using
equal weekly payments and the interest rate is 5.76 percent. What
would be the weekly payment? (use 1 year = 52 weeks)
After 4 years: the interest rate increases by 0.9 percent. What
would be the new weekly payment?
Please show workings
equal weekly payments and the interest rate is 5.76 percent. What
would be the weekly payment? (use 1 year = 52 weeks)
After 4 years: the interest rate increases by 0.9 percent. What
would be the new weekly payment?
Please show workings