Suppose you bought a new home for $210,000 using a 30-year mortgage with monthly payments of $1,218.841.
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Suppose you bought a new home for $210,000 using a 30-year mortgage with monthly payments of $1,218.841. The annual interest rate of the mortgage is 5.7%. After the first 3 years (36 monthly payments), approximately how much money have you paid in interest and how much in principal?
Related Book For
Corporate Finance A Focused Approach
ISBN: 978-1305637108
6th edition
Authors: Michael C. Ehrhardt, Eugene F. Brigham
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