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OpenStudy (anonymous):
A person purchased a $208,243 home 10 years ago by paying 15% down and signing a 30-year mortgage at 9.9% compounded monthly. The monthly payments on this loan were $1,540.29. Interest rates have dropped and the owner wants to refinance the unpaid balance. What is the unpaid balance on the loan? Round to the nearest cent as needed.
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OpenStudy (luckycoins888):
57457646
OpenStudy (luckycoins888):
what no sory i ment 45667
OpenStudy (tkhunny):
Show your work. Price of House: $208,243 DownPayment: $208,243 * 0.15 = ?? Total Loan: Price - DownPayment Just one piece at a time.
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