Itranscript Find the mortgage balance after the first three payments on a 20 year 170...

60.1K

Verified Solution

Question

Basic Math

image

Itranscript Find the mortgage balance after the first three payments on a 20 year 170 000 mortgage that was financed at an APR of 4 25 and has a monthly payment of 1052 70 Answer 2 Points Payment Number 1 2 3 Interest Payment 602 08 600 49 598 89 Balance 1 Balance 2 Principal Payment 450 62 452 21 453 81 Mortgage Balance Balance 1 Balance 2 Balance 3 Ke Keyboard Sh

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students