Question
11. Assume you have been making payments of $1,000 per month. You will close on the home after making your last payment in year 5.
11. Assume you have been making payments of $1,000 per month. You will close on the home after making your last payment in year 5. How much will your loan payoff amount be (in other words, what is the outstanding balance on your loan after 5 years)? Round to the nearest whole dollar.
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Essentials Of Investments
Authors: Zvi Bodie, Alex Kane, Alan Marcus
11th Edition
1260288390, 978-1260288391
