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Title: You have just take out a 30-year, $120,000 mortgage on your new home. This mortgage is to be repaid ... Post by: bigexternal on Jan 13, 2017 You have just take out a 30-year, $120,000 mortgage on your new home. This mortgage is to be repaid in 360 equal end-of-month installments. If each of the monthly installments is $1,500, what is the effective annual interest rate on this mortgage?
A) 15.87% B) 14.75% C) 13.38% D) 16.25% E) 16.49% Title: Re: You have just take out a 30-year, $120,000 mortgage on your new home. This mortgage is to be ... Post by: Blimp on Jan 18, 2017 Content hidden
Title: Re: You have just take out a 30-year, $120,000 mortgage on your new home. This mortgage is to be repaid ... Post by: bigexternal on Mar 22, 2017 I was skeptic but after double checking it checks out, thanks
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