Mathematics, 26.08.2020 01:01 lloydlunsford1685
A borrower receives a mortgage for a 30 year loan with a principal balance of $225,000, a payment of $1245,and at an interest rate of 4.25%.If she makes 2 payments on the loan, what will her principal balance be after the second payment is applied?
Options:
A.$224,103.00
B.$224,102.17
C.$223,406.24
D.$224,551.88
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Answers: 2
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A borrower receives a mortgage for a 30 year loan with a principal balance of $225,000, a payment of...
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