Question
You have just purchased a home and taken out a $275,000 mortgage. The mortgage has a 25-year term with monthly payments and an APR of
You have just purchased a home and taken out a $275,000 mortgage. The mortgage has a 25-year term with monthly payments and an APR of 3% compounding monthly. How much of your 288th payment will be interest and how much will go toward reducing your principal?
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The Millionaire Next Door The Surprising Secrets Of Americas Wealthy
Authors: Thomas J. Stanley, William D. Danko
1st Edition
1589795474, 978-1589795471
