Mary borrowed $170,000 to buy a house. The loan had a 30-year term with monthly payments at 9.25% per annum interest. Now she wants to sell the house after 5 years and two months since the loan date. What is the outstanding principal balance on the loan?

Answer rating: 100% (QA)

To calculate the outstanding principal balance on the loan after 5 years and two months we need to d... View the full answer