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You buy a house for $400,000 with 25% down. The rest is financed for 20 years at 9% compounded monthly. Payments are to be made
- You buy a house for $400,000 with 25% down. The rest is financed for 20 years at 9% compounded monthly. Payments are to be made end of month. You decide to terminate the loan immediately after the last payment at the end of 6 years. How much do you owe to the mortgage firm?
(Do this problem using a calculator, even though you can build an amortization table for this)
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Stock Market Investing Playbook
Authors: David Reese
1st Edition
1951595270, 978-1951595272
