Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

a borrower takes out a 3 0 year mortgage loan for 2 0 0 0 0 0 with an interest rate of 6 % .

a borrower takes out a 30 year mortgage loan for 200000 with an interest rate of 6%. If she wants to pay off the loan after 8 years, what would be the outstanding balance? A.91,246 B.175545 C.146667 D.84886E. not enough info

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Performance

Authors: Marc Bertoneche, Rory Knight

1st Edition

0750640111, 978-0750640114

More Books

Students also viewed these Finance questions

Question

How can the Internet be helpful in a job search? (Objective 2)

Answered: 1 week ago