Real estate math, assignment help

Jan 18th, 2016
HelloWorld
Category:
Mathematics
Price: $5 USD

Question description

The Jones family paid $50,000 for their home five years ago, making a $10,000 downpayment. Their monthly payments, including interest at 7.75% amounted to $286. The interest portion of their last payment was $225.27. What was the approximate loan balance before their last loan payment?

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