How much will your annual payment be

Reference no: EM13301342

You are buying a house for Rs.100,000 with a 30 year mortgage requiring payments to be made at the end of each year. The interest rate is 10% for the first 15 years of the mortgage but then increases to 15% for the last 15 years. How much will your annual payment be?

Reference no: EM13301342

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