What is number of regular deposits ? What is final deposit one period later after last regular deposit ?
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.
How many month deposits of $350 each, and what final deposit one period later, will be necessary to accumulate $17581, if interest is at 16.82 % compounded daily?
What is number of regular deposits ?
What is final deposit one period later after last regular deposit ?
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