Question
What is the loan balance after 5 years on a conventional fixed-rate 6.5% mortgage with the original maturity of 30 years and initial balance of
What is the loan balance after 5 years on a conventional fixed-rate 6.5% mortgage with the original maturity of 30 years and initial balance of $100,000? Assume only required monthly payments have been made.
- A. $99,543
- B. $93,735
- C. $93,611
- D. $83,581
- E. $83,333
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Fundamentals Of Corporate Finance
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
5th Edition
0135811600, 978-0135811603
