Suppose that 10 years ago you bought a home for $130,000, paying 10% as a down...
Suppose that 10 years ago you bought a home for $130,000, paying 10% as a down payment, and financing the rest at 7% interest for 30 years.
Your existing mortgage (the one you got 10 years ago) How much money did you pay as your down payment?
Homework Answers
Down payment for the home would be equal to
=$130,000*10%
which is equal to
=$13000
> nvm that’s right im thinking of another
Yasmin Adderly Sun, Dec 5, 2021 9:19 PM
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Suppose that 10 years ago you bought a home for $130,000, paying
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this year (10 years after you first took at the loan) you
check your loan balance. only part of your payments have been going
to pay fown the loan; the rest has been going towards interest. you
see that you still have 96,584 left to pay on your loan. your house
is now...
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of this out!
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> that’s wrong it would be $17000
Yasmin Adderly Sun, Dec 5, 2021 9:17 PM