Mathematics
Mathematics, 10.06.2021 02:10, googoomylizard

A couple purchased a home and signed a mortgage contract for $900,000 to be paid with half-yearly payments over a 25-year period. The interest rate applicable is j2 = 5.5% p. a. applicable for the rst ve years, with the condition that the interest rate will be increased by 12% every 5 years for the remaining term of the loan.

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A couple purchased a home and signed a mortgage contract for $900,000 to be paid with half-yearly pa...

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