You buy a house for $100,000.  The APR is 8.25%, and your payoff period is 360 months.  What is your loan balance (how much do you owe) after making payments for seven years?     $89,531     $92,782     $20,637     $79,362     $10,468     $7,217

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
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  1. You buy a house for $100,000.  The APR is 8.25%, and your payoff period is 360 months.  What is your loan balance (how much do you owe) after making payments for seven years?

       

    $89,531

       

    $92,782

       

    $20,637

       

    $79,362

       

    $10,468

       

    $7,217

     

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