Question
You currently have a four-year-old mortgage outstanding on your house. You make monthly payments of $ 1,800 . You have just made a payment. The
You currently have a four-year-old mortgage outstanding on your house. You make monthly payments of $ 1,800. You have just made a payment. The mortgage has 26 years to go (i.e., it had an original term of 30 years). Show the timeline from your perspective. How would the timeline differ if you created it from the bank's perspective?
Show the timeline from your perspective. (Select the best choice below.)
A
0 1234------______360
Cash F$1,8001,8001,8001,8001,800 1,800
B
01234------______312
Cash F$1,8001,8001,8001,800 1,800
C
01234------________312
Cash F-$1,800-1,800-1,800- 1,800 - 1,800
D
0 1234------_______360
Cash F- $1,800-1,800-1,800- 1,800- 1,800-------____-1,800
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