Mary borrowed $250,000 on a 30 year mortgage at 3% with monthly payments. After 18 years, Mary

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Mary borrowed $250,000 on a 30 year mortgage at 3% with monthly payments. After 18 years, Mary wants to pay off the house and move to another job. About what is the principal balance for the loan?

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Posted Date: Feb 21, 2024 04:13 AM

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Mary borrowed $250,000 on a 30 year mortgage at 3% with monthly payments. After 18 years, Mary

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To calculate the principal balance for the loan after 18 years we need to consider the remaining num... View the full answer

Business Mathematics In Canada

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