Question: please solve soon Word problem 18-17 [LU 18-1 (2)] You cen ssve a significant amount of morteage interest paid if you make one additional princlpal
Word problem 18-17 [LU 18-1 (2)] You cen ssve a significant amount of morteage interest paid if you make one additional princlpal and interest payment a yeac this we. reduce n. 30 yeor mortpoge by around 6 years it also increases your equity in the home fastec if you choose to par one additional you pary each month for a morgsge of $50,000 at 5.5% for 23 years? (Do not round inermediate calculations, Alound your answer to 2 docimal placess
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
