You take out a sub-prime mortgage for 286951 maturing in 30, Financial Management

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You take out a sub-prime mortgage for 286951 maturing in 30

1You start saving $1000 at the end of this year and increase your saving by 8% every year for 19 years. Your account earns 12%. How much will you have in your account in 19 years?

2. You take out a sub-prime mortgage for $286951, maturing in 30 years, and charging 1% monthly. What is the monthly mortgage payment? (There are 360 monthly payments.)

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Financial Management: You take out a sub-prime mortgage for 286951 maturing in 30

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Financial Management: You take out a sub-prime mortgage for 286951 maturing in 30

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