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You plan to purchase a house for 12.5 million baht, using a 30-year mortgage to be paid at the end of each month. The mortgage
You plan to purchase a house for 12.5 million baht, using a 30-year mortgage to be paid at the end of each month. The mortgage rate offerred to you is 7.25 percent. You will make a down payment of 15 percent of the purchase price. What is the ending loan balance after 6 months? (Do not round intermediate calculations and round your answer to two decimal places, e.g., 32.16)
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