End of Chapter 18 Questions and Answers

Answer: 4.369 points based on $1,310.64 over $30,000. 26. What is the mortgage balance after 10 years on a 30-year loan at 6.0% with the original loan at $400,000 and monthly payments assumed? Answer: PMTs will be $2,398.20 and the PV of the remaining PMTs will be $334,774.90 after 10 years with 240 months left. 27. ................
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