took out a $300,000, 30-year mortgage interest rate of 8% and monthly payments of $2,201.29. Because Let's assume with annual you an you have made 15 years worth of payments (that's 180 monthly payments = [15 x 12]) there are another 180 monthly payments left before your mortgage will be totally paid off. How much do you still owe on your mortgage?

took out a $300,000, 30-year mortgage interest rate of 8% and monthly payments of $2,201.29. Because Let's assume with annual you an you have made 15 years worth of payments (that's 180 monthly payments = [15 x 12]) there are another 180 monthly payments left before your mortgage will be totally paid off. How much do you still owe on your mortgage?

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)

7th Edition

ISBN:9780357033609

Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Chapter5: Making Automobile And Housing Decisions

Section: Chapter Questions

Problem 7FPE

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