A new 15-year mortgage had an initial balance of $123.8 thousand and an interest rate of 5.9%.
Fantastic news! We've Found the answer you've been seeking!
Question:
A new 15-year mortgage had an initial balance of $123.8 thousand and an interest rate of 5.9%. What is the balance of this mortgage after 57 months? Assume that the borrower has made only the required payments. Express your answer in $ thousands, round to the nearest $0.01 thousand. E.g., if your answer is $125,573.78, record it as 125.57.
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: