A level payment fixed-rate fully amortizing mort
A level payment, fixed-rate, fully amortizing mortgage loan for $220,000 is obtained with a term of 15 years, a mortgage rate of 6.0% with monthly compounding, and a monthly payment of $1,856.49. Assuming that the borrower does not prepay or default, the principal that is repaid during the first 3 months isclosest to:
A. $660.
B. $2,281.
C. $3,667.
参考解答
4j8***101
2024-11-14 17:35:00
Ans:B;
Principal repaid the first 3 months =$756.49+760.27+764.07
=$2,280.83
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