You bought a house 8 years ago with a 250000 mortgage it, Financial Management

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You bought a house 8 years ago with a 250000 mortgage it

You bought a house 8 years ago with a $250,000 mortgage. It was a 15 year loan with monthly payments which will pay off the loan when you make the last payment. The interest rate was 6%. What are your monthly payment and your current loan balance? How much interest will you pay in the upcoming year?

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Financial Management: You bought a house 8 years ago with a 250000 mortgage it

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Financial Management: You bought a house 8 years ago with a 250000 mortgage it

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