Question
The remaining balance on a 30-year, $100,000 Fixed-rate mortgage loan financed at 8 percent after the 180th payment is (no calculation necessary) a. $100,000 b.
The remaining balance on a 30-year, $100,000 Fixed-rate mortgage loan financed at 8 percent after the 180th payment is (no calculation necessary)
a. $100,000
b. $50,000
c. $76,782
d. $23,219
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The fixed rate mortgages can be termed as the arrangement of the loan th...
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Principles Of Risk Management And Insurance
Authors: George E. Rejda, Michael McNamara
12th Edition
132992914, 978-0132992916
