Question
30 yr 7% $350000 purchase 375K Balance Sheet as of 12/31/20X2 Current Liabilities Residence - $4,088 Long-Term Liabilities Residence: $338,544 Calculation: PV 350,000 N 360
30 yr 7% $350000 purchase 375K
Balance Sheet as of 12/31/20X2
Current Liabilities
Residence - $4,088
Long-Term Liabilities
Residence: $338,544
Calculation: PV 350,000 N 360 i 7%/12 FV 0 PMT =2,2328.56
12/31/20X2 Principal Balance $342,632 How did we get this value?
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Options Futures And Other Derivatives
Authors: John C. Hull
11th Edition
013693997X, 9780136939979
