Ask Question
17 May, 11:03

Joe Jay purchased a new colonial home for $260,000, putting down 20%. He decided to use Loyal Bank for his mortgage. They were offering a 6½% for a 25-year mortgage. The principal after the first payment had a balance outstanding of:

+4
Answers (1)
  1. 17 May, 14:01
    0
    Maybe this 260000 * 20%=52000 ao rest maount=208000 now 6.5% for 25% now P=208000 and rate 6.5% apply
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Joe Jay purchased a new colonial home for $260,000, putting down 20%. He decided to use Loyal Bank for his mortgage. They were offering a ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers