If you take a 30 year $100,00 mortgage 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?
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If you take a 30 year $100,00 mortgage 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?
In month 121 you would owe $83,504.60 if you made all payments on time
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