Question

You want to take out a $298,000 mortgage (home loan). The interest rate on the loan is 5.3%, and the loan is for 30 years. Your monthly payments are $1,654.81. How much will still be owed after making payments for 15 years? Round your answer to the nearest dollar.

Name: you want to take out a 298000 mortgage home loan the interest rate on the loan is 53 and the loan is for 30 years your monthly payments are 165481 how much will still be owed after making pa 36927
Uploaded: 2023-10-15T20:19:18-08:00
Duration: 4 min 18 s
Channel: Akash M
Description: you want to take out a 298000 mortgage home loan the interest rate on the loan is 53 and the loan is for 30 years your monthly payments are 165481 how much will still be owed after making pa 36927

          You want to take out a $298,000 mortgage (home loan). The interest rate on the loan is 5.3%, and the loan is for 30 years. Your monthly payments are $1,654.81. How much will still be owed after making payments for 15 years? Round your answer to the nearest dollar.

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Elementary and Intermediate Algebra

Alan S. Tussy, R. David Gustafson 5th Edition

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Solved by Expert Akash M

10/15/2023

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You want to take out a $298,000 mortgage (home loan). The interest rate on the loan is 5.3%, and the loan is for 30 years. Your monthly payments are $1,654.81. How much will still be owed after making payments for 15 years? Round your answer to the nearest dollar.