Question: How much interest will you pay during the 14 th year of a $350,000 house price, 30 year, 6.5% monthly compounded, 80 LTV loan? a)

How much interest will you pay during the 14 ^th year of a $350,000 house price, 30 year, 6.5% monthly compounded, 80 LTV loan?

a) How much principal will you pay with the 76 ^th payment of the loan?

b) What is the balance at the end of year 12?

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