Question
Suppose that 10 years ago you bought a home for $130,000, paying 10% as a down payment, and financing the rest at 9% interest for
Suppose that 10 years ago you bought a home for $130,000, 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: Carry at least 4 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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Corporate Governance And Financial Management Computational Optimization Modelling And Accounting Perspectives
Authors: S Nuryanah, S Islam
1st Edition
1349493228, 9781349493227
