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Coolguy80 Coolguy80
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10 months ago
The McGowans are arranging a $90,000 mortgage loan from their bank. The interest rate on the loan will be 7.9% compounded semiannually.


a) What will the monthly payments be if the loan has a 20-year term?
b) If the McGowans choose to pay $800 per month, how long will it take to pay off the loan?

Round up the number of payments.
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Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
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bcyberbcyber
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10 months ago
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Coolguy80 Author
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10 months ago
this is exactly what I needed
jblazah
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Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
SlimyPencil
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2 hours ago
Good timing, thanks!
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