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In this video, I walk students through a loan amortization problem which is somewhat more representative of real-world mortgage loans. Specifically, I give an example of a loan which calls for MONTHLY payments and when the APR is compounded monthly. I also show how answers change depending on whether the first payment is due at the END or BEGINNING of the loan.
ABOUT ME:
My name is Atif Ikram. I am a Clinical Professor of Finance at Arizona State University, where I teach courses in Corporate Finance, Personal Finance, Real Estate Finance and Investments (wpcarey.asu.ed....
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