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You take out a 30-year $450,000 montage loan with an APR of 7.75 percent and monthly payments. In 16 years, you decide to sell your house and payoff
You take out a 30-year $450,000 montage loan with an APR of 7.75 percent and monthly payments. In 16 years, you decide to sell your house and payoff the mortgage. What is your monthly payment? What is the principle balance on the loan? What is your total payment? What is your principle payment? What is your interest payment? Need to show all work