Dylan is getting a mortgage for a house and will borrow $700,000. For this mortgage, the amortized loan requires annual
Posted: Sun May 29, 2022 6:29 pm
Dylan is getting a mortgage for a house and will borrow
$700,000. For this mortgage, the amortized loan requires annual
payments for 9 years at a 6.3% annual interest rate. How much of
the first payment goes toward reducing the principal? Answer to the
nearest cent.
$700,000. For this mortgage, the amortized loan requires annual
payments for 9 years at a 6.3% annual interest rate. How much of
the first payment goes toward reducing the principal? Answer to the
nearest cent.