Question: How much will you pay into principal on a 7 3/8%, $170,000, 15 year mortgage in the final 2 years of the mortgage, assuming monthly
How much will you pay into principal on a 7 3/8%, $170,000, 15 year mortgage in the final 2 years of the mortgage, assuming monthly compounding? (Hint: 157-Input, you need to determine what should be entered for amort). a. 34,796.91 b. 34,800.54 c. 34,820.69 d. 34,831.17
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
