Question
Suppose that 10 years ago you bought a home for $160,000, paying 10% as a down payment, and financing the rest at 9% interest for
Suppose that 10 years ago you bought a home for $160,000, paying 10% as a down payment, and financing the rest at 9% interest for 30 years.
Your existing mortgage(the one you got 10 years ago)
- How much money did you pay as your down payment? $
- How much money was your existing mortgage (loan) for?
- What is your current monthly payment on your existing mortgage?
Note:Carryat least4 decimal places during calculations, but round your final answer to the nearest cent.
- How much total interest will you pay over the life of the existing loan?
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Technical Analysis The Complete Resource for Financial Market Technicians
Authors: Charles D. Kirkpatrick, Julie R. Dahlquist
1st edition
134137043, 134137049, 978-0131531130
