olonda signs a $300,000 mortgage, 4-year term, monthly payments at 7% c.m. amortized over 25 years. Their employer subsidies her mortgage using a rate of 4% c.m. Find the monthly subsidy he receivd Find regular payment amount for 4% c.m
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.
olonda signs a $300,000 mortgage, 4-year term, monthly payments at 7% c.m. amortized over 25 years. Their employer subsidies her mortgage using a rate of 4% c.m. Find the monthly subsidy he receivd
Find regular payment amount for 4% c.m
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