17. You borrowed $316,000 to purchase a house.The fixed rate mortgage has a term of 15 years and requires monthly paymen
Posted: Mon May 30, 2022 7:27 am
17. You borrowed $316,000 to purchase a house.The fixed rate
mortgage has a term of 15 years and requires monthly payments.The
rate on the loan is 4%.What is the total amount of interest paid
during the first 16 months of payments?
mortgage has a term of 15 years and requires monthly payments.The
rate on the loan is 4%.What is the total amount of interest paid
during the first 16 months of payments?