Amortizing Loan. You take out a 30-year $100,000 mortgage loan with an APR of 6 percent
and monthly payments. In 12 years you decide to sell your house and pay off the mortgage.
What is the principal balance on the loan?
Amortizing Loan.
Amortizing Loan. You take out a 30-year $100,000 mortgage loan with an APR of 6 percent
and monthly payments. In 12 years you decide to sell your house and pay off the mortgage.
What is the principal balance on the loan?
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