Question
You take out a 30-year $160,000 mortgage loan with an APR of 6% and monthly payments. In 10 years you decide to sell your house
You take out a 30-year $160,000 mortgage loan with an APR of 6% 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? (Round the monthly loan payment to 2 decimal places when computing the answer. Round your answer to 2 decimal places.)
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The ACT Guide To Ethical Conflicts In Finance
Authors: Andreas Prindl, Bimal Prodhan
1st Edition
1855732564, 978-1855732568
