Question
You borrow $210,000 for 30 years at a rate of 5% to purchase a home. Your 1st mortgage payment (monthly) is $1,128.75. How much of
You borrow $210,000 for 30 years at a rate of 5% to purchase a home. Your 1st mortgage payment (monthly) is $1,128.75. How much of this payment will be used to pay down your principal?
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$931.00
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$253.75
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$1,128.75
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$10,500.00
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$875.00
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Public Finance Administration
Authors: B. J. Reed, John W. Swain
2nd Edition
0803974051, 978-0803974050
