Question
A borrower has a 23-year mortgage loan for $265,583 with an interest rate of 13% and monthly payments. If she wants to pay off the
A borrower has a 23-year mortgage loan for $265,583 with an interest rate of 13% and monthly payments. If she wants to pay off the loan after 6 years, what would be the outstanding balance on the loan?
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Real Estate Finance And Investments
Authors: William Brueggeman, Jeffrey Fisher
13th Edition
0073524719, 9780073524719
