What is the percentage paid off after six years

Assignment Help Microeconomics

Reference no: EM133300646

Problem Statement: Purchase price: $350,000

Loan to Value: 80%

Interest rate: 9%

Term: 30 years

Monthly payment: $2252.94

Question 1: What is the percentage paid off after 6 years

Question 2: What is the Amount of the loan paid off after 6 years.

Question 3: What is the Amount still owe after 6 years

Reference no: EM133300646

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