9 years ago you borrowed $153,506 to buy a house. The interest rate quoted to...
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9 years ago you borrowed $153,506 to buy a house. The interest rate quoted to you was 6.96 percent for 30 years with monthly payments. Assuming you have made regular monthly payments up to now, what is the amount (in \$) you still owe on the loan today? Answer to two decimals. Hint: The hard way to do this is to use an amortization table. There is an easier way - see if you can find it
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9 years ago you borrowed $153,506 to buy a house. The interest rate quoted to you was 6.96 percent for 30 years with monthly payments. Assuming you have made regular monthly payments up to now, what is the amount (in \$) you still owe on the loan today? Answer to two decimals. Hint: The hard way to do this is to use an amortization table. There is an easier way - see if you can find it 