“7 years ago you borrowed $142707 to buy a house.

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“7 years ago you borrowed $142707 to buy a house.

 

“7 years ago you borrowed $142707 to buy a house. The interest rate quoted to you was 6.24 percent for 30 years with monthly payments. Assuming you have made regular monthly payments up to now, what is the amount (in $) you still owe on the loan today?”

I just want to make sure my math is correct and that the correct answer is that I would still owe $128,461.52.

 

 

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“7 years ago you borrowed $142707 to buy a house.

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“7 years ago you borrowed $142707 to buy a house.