Mathematics, 17.10.2021 19:00 homework1911
Eight years ago you borrowed $142,000 at a fixed annual rate of 10.5 percent p. a. to buy a house. Your loan is a 30-year, monthly payment loan. Calculate the current payoff of the loan (immediately after the 112th payment) assuming that you did not make any additional payments for the first 112 payments. (Hint: there are 248 payments remaining on the loan).
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Eight years ago you borrowed $142,000 at a fixed annual rate of 10.5 percent p. a. to buy a house. Y...
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