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Real Estate Principles 3rd Edition by David Ling,Wayne Archer
Edition 3ISBN: 978-0073377322Real Estate Principles 3rd Edition by David Ling,Wayne Archer
Edition 3ISBN: 978-0073377322 Exercise 6
On a level-payment loan with 12 years (144 payments) remaining, at an interest rate of 9 percent, and with a payment of $1,000, the balance is:
A) $144,000.
B) $100,000.
C) $87,871.
D) $76,137.
A) $144,000.
B) $100,000.
C) $87,871.
D) $76,137.
Explanation
Verified
Verified
The correct solution is option (C). $87,...
Real Estate Principles 3rd Edition by David Ling,Wayne Archer
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