Mathematics
Mathematics, 24.10.2020 01:00, sophiaa23

Suppose that 10 years ago you bought a home for $160,000, paying 10% as a down payment, and financing the rest at 8% interest for 30 years. Your existing mortgage (the one you got 10 years ago) -How much money did you pay as your down payment? $ -How much money was your existing mortgage (loan) for? -What is your current monthly payment on your existing mortgage? Note: Carry at least 4 decimal places during calculations, but round your final answer to the nearest cent. -How much total interest will you pay over the life of the existing loan? 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 $126,323 left to pay on your loan. Your house is now valued at $210,000.

Your current situation

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.)

answer
Answers: 1

Other questions on the subject: Mathematics

image
Mathematics, 21.06.2019 15:00, ladnerhailey16
Pj is decorating pupcakes for rocky's birthday party. her color scheme is black, purple, and green. she will use this spinner to determine the color of sprinkles on each pupcake. which model shows the probability of randomly landing on each color?
Answers: 3
image
Mathematics, 21.06.2019 15:00, tejasheree
Flashback to semester a. are triangles pqr and stu congruent? what is the congruency that proves they are congruent? what is the perimeter of triangle pqr? show your work.
Answers: 2
image
Mathematics, 21.06.2019 19:00, LoneWolves
What is x and y intercepts for y=x+7
Answers: 1
image
Mathematics, 21.06.2019 19:40, nsg0686
What is the slope of the line that contains the points (-2,1) and (0,-3)
Answers: 2
Do you know the correct answer?
Suppose that 10 years ago you bought a home for $160,000, paying 10% as a down payment, and financin...

Questions in other subjects:

Konu
Mathematics, 01.04.2021 18:00
Konu
Mathematics, 01.04.2021 18:00