What is your total payment what is your principal payment


You take out a 30-year $450,000 mortgage loan with an APR of 7.75 percent and monthly payments. In 16 years, you decide to sell your house and payoff the mortgage. What is your monthly payment? What is the principal balance on the loan? What is your total payment? What is your principal payment? What is your interest payment? Make sure to show your work.

Solution Preview :

Prepared by a verified Expert
Finance Basics: What is your total payment what is your principal payment
Reference No:- TGS02786945

Now Priced at $10 (50% Discount)

Recommended (93%)

Rated (4.5/5)