Question
You just took a 30-year $416,979.04 mortgage with $2,500 monthly payments and APR=6% (compounded monthly). What will be your balance 20 years from now (right
You just took a 30-year $416,979.04 mortgage with $2,500 monthly payments and APR=6% (compounded monthly). What will be your balance 20 years from now (right after you'll pay your 240th payment?
Question 4 options:
|
| $138,993 |
|
| $196,318 |
|
| $208,490 |
|
| $225,184 |
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Fundamental Accounting Principles
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
20th Edition
1259157148, 78110874, 9780077616212, 978-1259157141, 77616219, 978-0078110870
