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when you purchased,you took out a 30year annual pa...

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when you purchased,you took out a 30year annual payment mortgage with an interest rate of 6% per year.the payment on the mortgage is 12000.you have just made a payment and have now decided to pay the mortgage off by repaying the outstanding balance .what is the pay off amount if: a) yiu have lived in the house for 12 years(so there are 18 years left on the mortgage). b)you have lived in the house for 20 years( so you have 10 years left on the mortgage). c( you have lived in the house for 12 years(so t the mortgage by repaying the outstanding balance here are 18 years left on the mortgage) and you decide to pay off the mortgage immediately before thetwelft payent is due

 

Paper#11856 | Written in 18-Jul-2015

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