In: Finance
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 |