Now, returning to the original problem (again $180,000 original loan amount, 8% interest, 25 years), how...

 

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Now, returning to the original problem (again $180,000 original loan amount, 8% interest, 25 years), how long will it be until the mortgage is half paid off. Or, how long until the remaining loan balance is $90,000? N 300 months 1 = 8% P/Yr - 12 Period 1 215 AMORT PMT PV = $180,000 FV = 0 Bal = $89,924.01 $1,389.27 Now, returning to the original problem (again $180,000 original loan amount, 8% interest, 25 years), how long will it be until the mortgage is half paid off. Or, how long until the remaining loan balance is $90,000? N 300 months 1 = 8% P/Yr - 12 Period 1 215 AMORT PMT PV = $180,000 FV = 0 Bal = $89,924.01 $1,389.27

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