Question
Assume a home mortgage monthly payment is $1,535 and the balance on the 30-year loan is currently $192,650. Knowing that the mortgage is financed with
Assume a home mortgage monthly payment is $1,535 and the balance on the 30-year loan is currently $192,650. Knowing that the mortgage is financed with 4.45% APR, what do you know about theprincipalandinterestportions of this upcoming months payment?
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College Algebra Graphs and Models
Authors: Marvin L. Bittinger, Judith A. Beecher, David J. Ellenbogen, Judith A. Penna
5th edition
321845404, 978-0321791009, 321791002, 978-0321783950, 321783956, 978-0321845405
