How much will debora still owe after making the 24th payment

Reference no: EM13208768

Deborah Milstead is considering buying a home for $200,000

a) if she makes a down payment of $50,000 and takes out a mortgage on the rest of the money at 7.8% compounded monthly, what will be her monthly payment to retire the mortgage in 15 years?

b) consider the 24th payment. How much will the interest and principle payements be?

c) How much will she still owe after making the 24th payment

Reference no: EM13208768

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