Overview of Fin. and the Fin. Envir. - TEST BANK 360
Nature of Loan (i.e., amortizing, interest-only, bullet). Note these non-standard mortgages are not treated in this model, although they could be incorporated through some modifications. Term. The number of years over which the mortgage is amortized. Periodicity. The number of payments/year which by default, is assumed at 12. Interest Rate. ................
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