Josie's parents decided to buy a new house for their retirement. They are looking at...
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Josie's parents decided to buy a new house for their retirement. They are looking at $200,000 house. Since their credit history is excellent, they can get approved for 3.6% APR on a 30-year mortgage. In the amortization schedule, how much is the remaining principal balance after their first monthly mortgage payment?
|
| $199,090.71 |
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| $197,822.44 |
|
| $198,400.26 |
|
| $199,690.71 |
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