Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. tab aps ck 2:58 pm wed nov 1 $ 162,513.69 submit q

tab aps ck 2:58 PM Wed Nov 1 $ 162,513.69 Submit Question Question 5 $...

80.2K

Verified Solution

Question

Accounting

tab aps ck 2:58 PM Wed Nov 1 $ 162,513.69 Submit Question Question 5 $ Submit Question This year (10 years after you first took out the loan), you check your loan balance. Only part of your payments have been going to pay down the loan; the rest has been going towards interest. You see that you still have $86,848 left to pay on your loan. Your house is now valued at $160,000. Your current situation Question 6 How much of the original loan have you paid off? (i.e, how much have you reduced the loan balance by? Keep in mind that interest is charged each month - it's not part of the loan balance.) How much money have you paid to the loan company so far (over the last 10 years)? Note: the down payment is not included here, as it is paid directly to the seller Submit Question Question 7 How much interest have you paid so far (over the last 10 years)? ! 1 Q A q @N 2 N W S #3 E X D 4 R C % ... F wamap.org 5 T 0/1 pt 3 Details N 0/1 pt 3 Details 0/1 pt3 Details G 7 H B U 8 N

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