Question
A mortgage is paid off in 30 years with a total of $124,000. It had a 2% interest rate that compounded monthly.What was the principal?Round
A mortgage is paid off in 30 years with a total of $124,000. It had a 2% interest rate that compounded monthly.What was the principal?Round your answer to the nearest cent and do not include the dollar sign. Do not round at any other point in the solving process; only round your final answer.Provide your answer below:
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Precalculus Mathematics For Calculus
Authors: David M Kennedy, James Stewart, Lothar Redlin, Saleem Watson
6th Edition
1133715044, 9781133715047
