Question
Five years ago you took out a $ 250,000, 30-year mortgage with an annual interest rate of 11 percent and monthly payments of $2,380.81. What
Five years ago you took out a $ 250,000, 30-year mortgage with an annual interest rate of 11 percent and monthly payments of $2,380.81. What is the outstanding balance on your current loan if you just make the 60th payment?
If you just make the 60th payment, the outstanding balance on your current loan is $____. (Round to the nearest cent.)
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Investments
Authors: Zvi Bodie, Alex Kane, Alan J. Marcus
7th Edition
007331465X, 978-0073314655
