After 10 years, the principal on this mortgage is $141,667. How much of the next Mortgage Details Principal $180,000 Loan Length 30 years Interest Rate 5% payment will go towards interest? Monthly Payment $966 A. $590.28 B. $375.72 C. $579.60 D. $386.40

After 10 years, the principal on this mortgage is $141,667. How much of the next Mortgage Details Principal $180,000 Loan Length 30 years Interest Rate 5% payment will go towards interest? Monthly Payment $966 A. $590.28 B. $375.72 C. $579.60 D. $386.40

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter12: Current Liabilities

Section: Chapter Questions

Problem 15MC: Marathon Peanuts converts a $130,000 account payable into a short-term note payable, with an annual...

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Question

After 10 years, the
principal on this
mortgage is $141,667.
How much of the next
Mortgage Details
Principal
$180,000
Loan Length
30 years
Interest Rate
5%
payment will go
towards interest?
Monthly Payment
$966
A. $590.28
B. $375.72
C. $579.60
D. $386.40

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