question archive You borrow $250,000 to buy a house over a 30-year term
You borrow $250,000 to buy a house over a 30-year term
Subject:FinancePrice: Bought3
You borrow $250,000 to buy a house over a 30-year term. The loan is structured as an amortized loan with annual payments and an interest rate of 8%. Complete the cells in the amortization schedule, below. Interest in Principal Principal Owing at Year Payment ($) Payment ($) Repaid ($) End of Year ($)
