Question
You are looking at an amortization schedule for a fixed rate mortgage. At payment month 17, you see the ending balance of the loan is
You are looking at an amortization schedule for a fixed rate mortgage. At payment month 17, you see the ending balance of the loan is $234,110. The interest rate on the loan is 4.25%. What is the interest portion of the payment in month 18? The loan pays monthly.
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Finance Applications And Theory
Authors: Marcia Cornett, Troy Adair, John Nofsinger
6th Edition
1264101589, 9781264101580
