question archive A mortgage of $330,000 is repaid over 25 years with monthly payments and an interest rate of 5% compounded semi-annually

A mortgage of $330,000 is repaid over 25 years with monthly payments and an interest rate of 5% compounded semi-annually

Subject:MathPrice: Bought3

A mortgage of $330,000 is repaid over 25 years with monthly payments and an interest rate of 5% compounded semi-annually. Determine (14.2) 

a. The size of the monthly payments 

b. the interest paid in the 215th payment

c. the principle repaid in the 294th payment 

d. How much is still owing (principle outstanding) after 6 years of payments

pur-new-sol

Purchase A New Answer

Custom new solution created by our subject matter experts

GET A QUOTE