Finance Mortgages

Clubby · #1 Oct 12, 2007, 08:12 PM

If you take a 30 year $100,00 mortage loand with an APR of 6 percent and monthly payments. In 12 years you decided to seel your home and pay off themortgage, whatis the principal balance on the loan?

MarkRealEstateConsultant · Oct 18, 2007, 12:10 PM

In month 121 you would owe $83,504.60 if you made all payments on time



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