Alpha Geek

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Category > Business & Finance Posted 02 Aug 2017 My Price 8.00

When Sarah Jean purchased her house 12 years ago, she took out a 30-year mortgage for $220,000

When Sarah Jean purchased her house 12 years ago, she took out a 30-year mortgage for $220,000. The mortgage has a fixed interest rate of 6 percent compounded monthly. (a) Compute Sarah’s monthly mortgage payments. (b) If Sarah Jean wants to pay off her mortgage today, for how much should she write a check? She made her most recent mortgage payment earlier today.

 

Answers

Alpha Geek
(8)
Status NEW Posted 02 Aug 2017 05:08 PM My Price 8.00

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Attachments

file 1501694804-2153703_1_636357071830024213_PAYMENT 1.xlsx preview (34 words )
Mo-----------rtg-----------age----------- am-----------oun-----------tIn-----------ter-----------est----------- Ra-----------teC-----------omp-----------oun-----------ded----------- Mo-----------nth-----------lys-----------he -----------too-----------k o-----------ut -----------a 3-----------0-y-----------ear----------- mo-----------rtg-----------age----------- fo-----------r $-----------220-----------,00-----------0a)-----------Mon-----------thl-----------y P-----------aym-----------ent-----------b)S-----------ara-----------h S-----------hou-----------ld -----------sig-----------n a----------- ch-----------eck----------- af-----------ter----------- 12----------- ye-----------ars----------- to----------- pa-----------y o-----------ff -----------the----------- mo-----------rtg-----------age-----------18 -----------YEA-----------RS -----------( 3-----------0-1-----------2) -----------PRI-----------OR -----------HE -----------IS -----------PAY-----------ING----------- OF-----------F T-----------HE -----------MOR-----------TGA-----------GE -----------
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