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The monthly mortgage payment on your house is $1,725. The mortgage is a 20-year mortgage and the interest rate is 4.0% APR. The mortgage is
The monthly mortgage payment on your house is $1,725. The mortgage is a 20-year mortgage and the interest rate is 4.0% APR. The mortgage is a 20-year mortgage and the interest rate is 4.0% APR. How much did you borrow?
(Give your answer in dollars and cents -- round to the nearest penny, e.g., $50.7362 should be entered as 50.74)
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