Question: Which payment will be the last and for how much if a mortgage loan has the following details? Loan amount Rate of interest Loan
Which payment will be the last and for how much if a mortgage loan has the following details? Loan amount Rate of interest Loan term Extra payment per month PV APR NPER 15 $255,000 3.500% $175 p. y. c. w. years
Step by Step Solution
There are 3 Steps involved in it
The last payment for this mortgage loan will be the 180th payment and it will be for 25500000 Heres ... View full answer
Get step-by-step solutions from verified subject matter experts
