Posted by **yassamin** on Thursday, March 14, 2013 at 4:26pm.

A person purchased a $250000 home 5 years ago. he paid 20% down and signed a 30-year mortgage at 6% compounded monthly. what is the unpaid balance of the loan (now that 5 years are gone). i need answer with explanation

## Answer this Question

## Related Questions

- MATH (REFINANCE MORTGAGE) - A person purchased a 225463 home 10 years ago by ...
- Math Refinancing Question - A person purchased a $205,107 home 10 years ago by ...
- REFINANCE MATH PROBLEM - I screwed up the first post with this question so re ...
- Math 208 (Linear) - a person purchased a $142,819 home 10 years ago by paying 15...
- math - A person purchased a $204,815 home 10 years ago by paying 10% down and ...
- Amoritizing Loans - "A woman borrows $6000 at 9% compounded monthly, which is to...
- infinite math - Hey guys! really need help with this one!!! On December 31, 1995...
- Math Help Please!!! - A couple purchased a house and signed a mortgage contract ...
- math - Question: The price of a home is $180,000. The bank requires a 10% down ...
- algebra - my scenario, to start a small business you will need a loan of $50.000...

More Related Questions