If the loan is $165000 at 3.75% for 25 years at $857.06 as a fixed payment per

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If the loan is $165000 at 3.75% for 25 years at $857.06 as a fixed payment per month,

what is the loan (principal) after one monthly payment?

What is interest over the life of the loan?

Related Book For answer-question

Business Math

ISBN: 978-0133011203

10th edition

Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble

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Posted Date: May 06, 2023 10:03 AM

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If the loan is $165000 at 3.75% for 25 years at $857.06 as a fixed payment per

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After the first monthly payment of 85706 the remain... View the full answer

Business Math

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