Question

In: Finance

To finance your new​ house, you have obtained a 35 year $750,000 mortgage. The bank has...

To finance your new​ house, you have obtained a

35 year $750,000 mortgage. The bank has offered you an interest rate of 5.7​%.

You​ can't decide on a payment frequency. Complete the following table to help you make a decision.

number of payment per year mortgage payment

12

24
26
52

Solutions

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