Ianna has found a fixed rate mortgage for $300,000 at four per cent interest amortized over 30 years. Her payment will be $1426.56 per month. How much would her payment be if she wanted to amortize the mortgage over 15 years?

Question

Quizplus · Accepted Answer

The Answer of Ianna has found a fixed rate mortgage for $300,000 at four per cent interest amortized over 30 years. Her payment will be $1426.56 per month. How much would her payment be if she wanted to amortize the mortgage over 15 years?

Ianna Has Found a Fixed Rate Mortgage for $300,000 at Four