Question
Amortizing Loan. You take out a 30-year $100,000 mortgage loan with an APR of 6% and monthly payments. In 12 years, you decide to sell
Amortizing Loan. You take out a 30-year $100,000 mortgage loan with an APR of 6% and monthly payments. In 12 years, you decide to sell your house and pay off the mortgage. What are the principal balances on the loan? Additional question - what is the amount of the mortgage payment?
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Finance Society And Sustainability
Authors: Nick Silver
1st Edition
1137560606, 978-1137560605
