Find the unpaid balance on the debt. (Round your answer to the nearest cent.) After 6...

Question

Question

Find the unpaid balance on the debt. (Round your answer to the nearest cent.) After 6 years of monthly payments on $150,000 at 4% for 25 years.

Answer 1

Answer #1

Monthly payment =PMT = Loan = [(1-(1/(1+r^n)}}/r] 150,000 = [((1-(1/(1.003334300)}}/0.00333 ] $791.76 Remaining balance after

Answer 2

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