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Hillier Hillier
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Posts: 550
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6 years ago
Shiva transferred his mortgage of $145 981 from CIBC to BMO for the remaining amortization period at 3.59% compounded semi-annually. He has agreed to pay rounded up payment of $2000 every month. How long will it take Shiva to pay-off his mortgage?
A) 6 years 11 months
B) 6 years 1 months
C) 8 years
D) 6 years 6 months
E) 10 years
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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