Sandra gets a $250,000, 30 year mortgage with annual payments of 4.0% rate. What is the balance of the loan after 20 years? Choose the closest. a) $117,264 b) $83,250 c) $14,458 d) $196,482
Sandra gets a $250,000, 30 year mortgage with annual payments of 4.0% rate. What is the balance of the loan after 20 years? Choose the closest. a) $117,264 b) $83,250 c) $14,458 d) $196,482
Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
Section: Chapter Questions
Problem 15E
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Sandra gets a $250,000, 30 year mortgage with annual payments of 4.0% rate. What is the balance of the loan after 20 years? Choose the closest.
a) $117,264
b) $83,250
c) $14,458
d) $196,482
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