What will the monthly payments be

Reference no: EM131794061

Question: An "interest-only" mortgage is made for $100,000 at 10 percent interest for 10 years. The lender and borrower agree that monthly payments will be constant and will require no loan amortization. What will the monthly payments be?

Reference no: EM131794061

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What will the monthly payments be : An "interest-only" mortgage is made for $100,000 at 10 percent interest for 10 years. The lender and borrower agree that monthly payments will be constant.

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