A 30-year mortgage for 140000 is issued at a 9 nominal


A 30-year mortgage for $140,000 is issued at a 9% nominal interest rate. What is the monthly payment? How long does it take to pay off the mortgage if $1500 per month is paid? If $2000 per month is paid? If double payments are made?

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Business Economics: A 30-year mortgage for 140000 is issued at a 9 nominal
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