You take out a 20-year $240,000 mortgage loan with an APR of 12% and monthly payments. In
Fantastic news! We've Found the answer you've been seeking!
Question:
You take out a 20-year $240,000 mortgage loan with an APR of 12% and monthly payments. In 12 years you decide to sell your house and pay off the mortgage. What is the principal balance on the loan?
Expert Answer:
Posted Date:
