what is my principal reduction balance if my mortgage balance is $ 1 1 7 , 0

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Question:

what is my principal reduction balance if my mortgage balance is $

117, 000

at a mortgage rate of

6.25 %

and I make my payment of

936

Related Book For answer-question

Calculus

ISBN: 9781285057095

10th Edition

Authors: Ron Larson, Bruce H. Edwards

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Posted Date: May 10, 2024 02:00 AM

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what is my principal reduction balance if my mortgage balance is $ 1 1 7 , 0

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Expert Answer:

To calculate the Principal Reduction Balance we first need to determine the amount applied toward pr... View the full answer

Calculus

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