Question
You take out a 25-year $230,000 mortgage loan with an APR of 9% and monthly payments. In 10 years you decide to sell your house
| You take out a 25-year $230,000 mortgage loan with an APR of 9% and monthly payments. In 10 years you decide to sell your house and pay off the mortgage. What is the principal balance on the loan? |
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Real Estate Finance and Investments
Authors: William Brueggeman, Jeffrey Fisher
14th edition
73377333, 73377339, 978-0073377339
