Dec 31, 2014 you bought your first house with a loan of $190,000. The loan was a 30-year mortgage loan with an interest rate of 6% p.a. The first payment was paid on Jan 31, 2015. How much
Dec 31, 2014 you bought your first house with a loan of $190,000. The loan was a 30-year mortgage loan with an interest rate of 6% p.a. The first payment was paid on Jan 31, 2015. How much
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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On Dec 31, 2014 you bought your first house with a loan of $190,000. The loan was a 30-year mortgage loan with an interest rate of 6% p.a. The first payment was paid on Jan 31, 2015. How much interest did you pay in 2016?
options:
A)$11,336.53
B)$10,877.63
C)$11,192.62
D)$11,400.00
E)$11,718.78
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