Answered step by step
Verified Expert Solution
Question
1 Approved Answer
21. please can i get help with this question? i don't understand it. thank you! please help with 21 and 22. thank you very much!
21.
please can i get help with this question? i don't understand it. thank you!
please help with 21 and 22. thank you very much!
Question 21 1 pts 6 years ago you borrowed $200,000 to buy a house. The interest rate quoted to you was 4.9 percent for 30 years with monthly payments. Assuming you have made only regular monthly payments up to now, the amount (in $) you still owe on the loan today is: Answer to two decimals. Question 22 1 pts Suppose you are making payments on a fixed rate mortgage. Which of the following is correct about payments early in the life of the mortgage? You have a choice on how they are divided between principal and interest They are mostly interest They are mostly principal Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started