Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You want to take out a $154,000 mortgage (home loan). The interest rate on the loan is 4.6%, and the loan is for 30 years.

image text in transcribed
You want to take out a $154,000 mortgage (home loan). The interest rate on the loan is 4.6%, and the loan is for 30 years. Your monthly payments are $789.47. How much will still be owed after making payments for 15 years? Round your answer to the nearest dollar. Answer: $

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Public Finance An International Perspective

Authors: Joshua E. Greene

1st Edition

9814365041, 978-9814365048

More Books

Students also viewed these Finance questions

Question

1. Outline the listening process and styles of listening

Answered: 1 week ago

Question

4. Explain key barriers to competent intercultural communication

Answered: 1 week ago