Narrative 14-2
For problems in this section, use Table 14-1 from your text to find monthly mortgage payments.
-Refer to Narrative in your text 14-2. The Shelly's monthly mortgage payment for principal and interest is $370.35 on a $45,000 mortgage at $8 \frac { 3 } { 4 } \%$ for 25 years. What will the loan balance be after they make the first payment?

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The Answer of Narrative 14-2
For problems in this section, use Table 14-1 from your text to find monthly mortgage payments.
-Refer to Narrative in your text 14-2. The Shelly's monthly mortgage payment for principal and interest is $370.35 on a $45,000 mortgage at $8 \frac { 3 } { 4 } \%$ for 25 years. What will the loan balance be after they make the first payment?

Narrative 14-2 for Problems in This Section, Use Table 14-1 834%8 \frac { 3 } { 4 } \%843​%

Narrative 14-2
for Problems in This Section, Use Table 14-1 $8 \frac { 3 } { 4 } \%$