You find your dream home and have saved 25% of its total cost for a downpayment. You negotiate an unusual weekly mortgage payment structure. How much is your weekly mortgage payment if the terms are APR, or stated, interest rate 4.5% (compounded weekly) on a 15 year mortgage? Oh, by the way, your dream home costs $750,000.
Question 15 options:
$1,322.69
$992.02
$1,053.96
$1,258.62