Question
you take out a 20 year $250,000 mortgage loan with an APR of 6% and monthly payments . In 13 years you decide to sell
you take out a 20 year $250,000 mortgage loan with an APR of 6% and monthly payments . In 13 years you decide to sell your house and pay off the mortgage. What is the principal balance on the loan ?
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Contemporary Financial Management
Authors: Don Cyr, Alfred Kahl, William Rentz, R. Moyer
1st Edition
017616992X, 978-0176169923
