Question: QUESTION 9 3 points Save Answer Borrower has a 30-year mortgage at 6% based on $800,000. The borrower makes all principal and interest payments as

QUESTION 9 3 points Save Answer Borrower has a 30-year mortgage

QUESTION 9 3 points Save Answer Borrower has a 30-year mortgage at 6% based on $800,000. The borrower makes all principal and interest payments as scheduled. What is the remaining balance at the end of year 8 (96 months)? 498,895 43 702,178.83 O 683.450 22 416,000.00

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

QUESTION 25 Suppose you have obtained a 64 30 yearfully amortiring PHA mortgage loan of $154.750.00 to finance the purchase of your primary widence. In so you must pay an additional mortgage...

QUESTION 26 Borrower has a 30-year mortgage at 6% based on 5900,000. The borrower makes all principal and interest payments as scheduled. What is the remaining balance at the end of year (34 months)...

VOLK 1. Borrower has a 30-year mortgage at 6% based on $800,000. What is the monthly principal and interest payment of this mortgage? (4 points) 2. After 8 years, what is the remaining balance ? (3...

56,000.00 52,400 5600,00 QUESTION 31 Work through the following mortgage scenario with Four (4) parts: 1. Borrower has a 30-year mortgage at 6% based on $600,000 What is the monthly payment...

i need this done very fast. thank you QUESTION 31 13 Work through the following mortgage scenario with Four (4) parts: 1. Borrower has a 30-year mortgage at 6% based on 5600,000 What is the monthly...

please help me. i need to know this answer pretty quick Work through the following mortgage scenario with Four (4) parts: 1. Borrower has a 30-year mortgage at 6% based on $800,000 What is the...

1. Borrower has a 30-year mortgage at 6% based on $800,000. What is the monthly principal and interest payment of this mortgage? (4 points) 2. After 8 years, what is the remaining balance ? (3...

QUESTION 3 1 Work through the following mortgage scenario with Four ( 4 ) parts: Borrower has a 3 0 - year mortgage at 6 % based on $ 6 4 0 , 0 0 0 . What is the monthly payment ( principal and...

will thumb up QUESTION 31 13 point Work through the following mortgage scenario with four (4) parts: 1. Borrower has a 30-year mortgage at 8% based on $500,000 What in the monthly payment principal...

According to the National Center for Health Statistics (2004), 22.4% of adults are smokers. A random sample of 300 adults is obtained. (a) Describe the sampling distribution of , the sample...

Consider the circuit in the drawing. Determine (a) The magnitude of the current in the circuit and (b) The magnitude of the voltage between the points labeled A and B. (c) State which point, A or B,...

Business Associate contracts must include: The requirement to report all non permitted uses and disclosures Permitted uses and disclosures The requirements to safeguard information All of the above

A company issues 1,050 shares of its common stock for $33,600 cash. Prepare journal entries to record this event under each of the following separate situations.