A mortgage of £180,000 is repaid over 20 years by equal monthly payments in arrears. The interest rate is i = 7.4% p.a. effective. Compute the monthly payment £ 数字 Enter an answer correct to 2 decimal places.
A mortgage of £180,000 is repaid over 20 years by equal monthly payments in arrears. The interest rate is i = 7.4% p.a. effective. Compute the monthly payment £ 数字 Enter an answer correct to 2 decimal places.
Chapter4: Time Value Of Money
Section4.17: Amortized Loans
Problem 1ST
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