A homeowner takes a 25-year fi xed-rate mortgage for $190,000 at 7.6 percent. After seven years, the

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A homeowner takes a 25-year fi xed-rate mortgage for $190,000 at 7.6 percent. After seven years, the homeowner sells the house and pays off the remaining principal. How much is the principal payment?

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Fundamentals of Investments Valuation and Management

ISBN: 978-0077283292

5th edition

Authors: Bradford D. Jordan, Thomas W. Miller

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Question Posted: Sep 19, 2012 05:12 AM

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A homeowner takes a 25-year fi xed-rate mortgage for $190,000 at 7.6 percent. After seven years, the

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Fundamentals of Investments Valuation and Management

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