Caculate the amount of interest paid on a loan of $25,000 with a rate of 4.5% compounded monthly for 10 years? What is the monthly payment you will need to make to pay this off in 10 years? Interest Paid Monthly Paid
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.
Caculate the amount of interest paid on a loan of $25,000 with a rate of 4.5% compounded monthly for 10 years? What is the monthly payment you will need to make to pay this off in 10 years?
Interest Paid
Monthly Paid
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