Asked by Izzy
Consider the mortgage loan of $150,000 at a nominal 6% yearly interest applied monthly at a rate of .5% per month. Monthly payments of $1,000 are being made on this loan. Evaluate how much is owed after 1 month.
Answers
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.