What is the principal portion of the 200th payment of a fully amortizing $250,000, 30-year fixed rate loan with an interest rate of 4.825 percent? What is the total monthly interest and principal payments through month 100? Show your steps.
What is the principal portion of the 200th payment of a fully amortizing $250,000, 30-year fixed rate loan with an interest rate of 4.825 percent? What is the total monthly interest and principal payments through month 100? Show your steps.
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 7P
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What is the principal portion of the 200th payment of a fully amortizing $250,000, 30-year fixed rate loan with an interest rate of 4.825 percent?
What is the total monthly interest and principal payments through month 100?
Show your steps.
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