Top Posters
Since Sunday
w
3
w
3
e
3
3
r
3
g
2
2
b
2
M
2
V
2
f
2
c
2
Home Q & A Board Science-Related Homework Help Mathematics
New Topic  
majarm majarm
wrote...
Go to Answer
Posts: 406
Rep: 0 0
6 years ago
A $151 000.00 mortgage is to be repaid over a 17-year period by monthly payments rounded up to the next higher $50.00. Interest is 8.2% compounded semi-annually.
a) Determine the number of rounded payments required to repay the mortgage.
b) Determine the size of the last payment.
c) Calculate the amount of interest saved by rounding the payments up to the next higher $50.00.
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
Read 98 times
1 Reply
Replies
Answer verified by a subject expert
SupremeSupreme
wrote...
#1
Posts: 375
Rep: 191 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

majarm Author
wrote...

6 years ago
This site is awesome
Ivansitospeed@g
wrote...

Yesterday
this is exactly what I needed
Ctownsend
wrote...

2 hours ago
Thank you, thank you, thank you!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  574 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 4519
  
 1051
  
 175
Your Opinion
Which industry do you think artificial intelligence (AI) will impact the most?
Votes: 486
Previous poll results: Which of the following is the best resource to supplement your studies: