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You bought a house 5 years ago. To finance the purchase, you took out a mortgage for $625,000. The interest rate on the mortgage is
You bought a house 5 years ago. To finance the purchase, you took out a mortgage for $625,000. The interest rate on the mortgage is 6.8% and the amortization period is 35 years. You chose to make 12 payments per year and each payment is $3,780.70. Your last payment was yesterday. How much principal remains owing today? The principal that remains owing today is $[ (Round to the nearest cent as needed.)
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