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    Clubby's Avatar
    Clubby Posts: 2, Reputation: 1
    New Member
     
    #1

    Oct 12, 2007, 08:12 PM
    Finance Mortgages
    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?
    MarkRealEstateConsultant's Avatar
    MarkRealEstateConsultant Posts: 49, Reputation: 5
    Junior Member
     
    #2

    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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