I posted this question earlier and whoever answered it didn\'t answer all the pa
ID: 2749325 • Letter: I
Question
I posted this question earlier and whoever answered it didn't answer all the parts of the question and answered it wrong. Please try again.
Your bank has offered you a $250,000 mortgage at 4% for a 5-year term and a 25-year amortization. You plan to make biweekly payments.(using 4- decimal places) A) What is you mortgage payment? B) At renewal time, you decide to repay the remaining balance in 10 years. Assume your mortgage stays the same, what will be your new mortgage payment/ SHOW ALL YOUR WORKINGS!!
Explanation / Answer
I posted this question earlier and whoever answered it didn't answer all the pa