You would like to borrow $200,000.00 to finance a home. You wish to make monthly payments...

You would like to borrow $200,000.00 to finance a home. You wish to make monthly payments for 15 years. If the annual interest rate (APR) is quoted at 8.4%. What will the monthly payments be? Refinance the loan after you have made 84 payments. First what is remaining balance that is owed. Second If the new interest rate (APR) is 4% and n will be based on the remaining time period of the original loan what will be the new payment amount

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Rahul Sunny answered 1 year ago

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