What will be the principal payment

Reference no: EM132200110

Question: "Suzan is considering buying a home for $309,000. If she makes a down payment of $77,000 and takes out a mortgage on the rest of the money at 5.02% compounded monthly for 7 years. What will be the principal payment for her 56th payment? (Assume she makes monthly payments)" The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132200110

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What will be the principal payment : "Suzan is considering buying a home for $309,000. If she makes a down payment of $77,000 and takes out a mortgage on the rest of the money at 5.02% compounded.

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