Mrs. Chan bought a house in 1985, and have it financed for 30 years at an interest rate of 9.8%. His monthly payment was $1260. In 2005, she decided to pay off the loan. Find the balance of the loan she still owes. Answer in whole number
Mrs. Chan bought a house in 1985, and have it financed for 30 years at an interest rate of 9.8%. His monthly payment was $1260. In 2005, she decided to pay off the loan. Find the balance of the loan she still owes. Answer in whole number
Chapter2: Loads On Structures
Section: Chapter Questions
Problem 1P
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Mrs. Chan bought a house in 1985, and have it financed for 30 years at an interest rate of 9.8%. His monthly payment was $1260. In 2005, she decided to pay off the loan. Find the balance of the loan she still owes. Answer in whole number.
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