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Jackie took up a 30-year mortgage loan 3 years ago and have since been making monthly payment of 2,250 loyally. The mortgage interest rate is
Jackie took up a 30-year mortgage loan 3 years ago and have since been making monthly payment of 2,250 loyally. The mortgage interest rate is 6.375% (APR). She noticed lower interest rate and plans to refinance. How much did Jackie borrow on the 30-year 6.375% APR mortgage? How much does she owe on the mortgage today? (Note: Be careful not to round any intermediate stepsveless than six decimal places.) The amount you borrowed 3 years ago is $ (Round to the nearest dollar.) The amount you owe today is $ (Round to the nearest dollar.)
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