Hunter recently bought a new condominium and took out a 30-year fixed mortgage in the amount of $350,000 with a nominal

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answerhappygod
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Hunter recently bought a new condominium and took out a 30-year fixed mortgage in the amount of $350,000 with a nominal

Post by answerhappygod »

Hunter recently bought a new condominium and took out a 30-year
fixed mortgage in the amount of $350,000 with a nominal interest
rate of 4.25%. How much are Hunters monthly payments? What
proportion (%) of Hunters mortgage payments made during the first
three years will be applied to interest? What will be the
outstanding balance on Hunters mortgage after 10 years of making
consistent, regular mortgage payments?
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