Four years ago, you took out a $375,000, 25-year mortgage. With an interest rate of 5% and
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Four years ago, you took out a $375,000, 25-year mortgage. With an interest rate of 5% and a 3% prepayment fee applicable for the first five years.
If you decide to pay off this mortgage now, what will the balance due be?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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