What will be the remaining balance of the mortgage
Question: I just bought a house and have a mortgage of $150,000. The mortgage is for 30 years and has a nominal rate of 8% (compounded monthly). After 36 payments (3 years) what will be the remaining balance of the mortgage?
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While the rest of the balance will be paid off over 30 years at a 10% interest rate. What are the 30 equal annual payments?
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After 36 payments (3 years) what will be the remaining balance of the mortgage?
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On July 1st, he paid $300 on the loan, and July 31st, he paid off the loan. What is the total interest he paid on the loan?
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