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Bill bought a house 12 years ago for $350,000 and he just made his 144th payment. The bank loaned him the money at a 3.5%
Bill bought a house 12 years ago for $350,000 and he just made his 144th payment. The bank loaned him the money at a 3.5% annual interest rate for 30 years with monthly payments. He wants to sell the house today. What is the loan balance he would have to pay off? $96,982.27 $132,373.75 $184,585.48 $251,601.90
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