Question
You just bought a house and have a mortgage of $200,000. The mortgage is for 30 years and has portage rate of 8 percent annually.
You just bought a house and have a mortgage of $200,000. The mortgage is for 30 years and has portage rate of 8 percent annually. After 36 payments (3 years)
A. (7 pts) What will be the remaining balance on your mortgage? B. (7 pts) What is the cumulate interest you have paid over the 36 periods?
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Lessons In Corporate Finance
Authors: Paul Asquith, Lawrence A. Weiss
2nd Edition
1119537835, 978-1119537830
