A young executive is going to purchase a vacation property

Last updated: 12/12/2022

A young executive is going to purchase a vacation property for investment purposes She needs to borrow 80 000 00 for 30 years at 6 5 compounded monthly and will make monthly payments of 505 65 Round all answers to 2 decimal places What is the unpaid balance after 13 months During this time period how much interest did she pay