You just closed on a $209,927 home in Cincinnati, Ohio. Now you have a 30-year mortgage with an APR of 10.53 percent per year with monthly compounding. How much will you still owe after 15 years of payments? O $173,852.18 O $139,081.74 O $346,499.06 $208,604.37 O $104.963.50

You just closed on a $209,927 home in Cincinnati, Ohio. Now you have a 30-year mortgage with an APR of 10.53 percent per year with monthly compounding. How much will you still owe after 15 years of payments? O $173,852.18 O $139,081.74 O $346,499.06 $208,604.37 O $104.963.50

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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Question

You just closed on a $209,927 home in Cincinnati, Ohio. Now you have a 30-year mortgage with an
APR of 10.53 percent per year with monthly compounding. How much will you still owe after 15
years of payments?
O $173,852.18
O $139,081.74
O $346,499.06
O $208,604.37
O $104,963.50

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