Determine how much of the total loan payment

zvgvzbhfr
timer Asked: Jun 3rd, 2013

Question Description

determine how much of the total loan payment applies toward pricipal and how much applies towards the mortgage of $177,750 with a fixed APR of 6% for 25 years.

a) 177,750 pays off the pricipal and $185,721.65 repsents interest payments

b) 177,750 pays off the pricipal and $185,643.40 repsents interest payments

c) 177,750 pays off the pricipal and $185,839.00 repsents interest payments

d)177,750 pays off the pricipal and $185,587.50 repsents interest payments

User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

This question has not been answered.

Create a free account to get help with this and any other question!

Related Tags

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors