Kevin came into an inheritance of $36000, to be paid in equal monthly instalment for the next 5 ye. starting 1 month from now. The money earns 7.5%/a compounded monthly. Determine the monthly instalment. N 1%= PV = PMT FV P/Y = C/Y =

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A: Form 1040 is used by an individual taxpayer, to file their taxes with the IRS.

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Mortgages

A mortgage is a formal agreement in which a bank or other financial institution lends cash at interest in return for assuming the title to the debtor's property, on the condition that the obligation is paid in full.

Mortgage

The term "mortgage" is a type of loan that a borrower takes to maintain his house or any form of assets and he agrees to return the amount in a particular period of time to the lender usually in a series of regular equally monthly, quarterly, or half-yearly payments.