A person purchased a $250,000 home 20 years ago by paying 20% down and signing a 30-year mortgage at 12% compounded monthly. (a) Find the monthly…

A person purchased a $250,000 home 20 years ago by paying 20% down and signing a 30-year mortgage at 12% compounded monthly. (a) Find the monthly….

A person purchased a $250,000 home 20 years ago by paying 20% down and signing a 30-year mortgage at 12% compounded monthly.

(a) Find the monthly payment for the mortgage.

I calculated a) and the answer is 2057.225194

(b) Find the unpaid balance of the mortgage now

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A person purchased a $250,000 home 20 years ago by paying 20% down and signing a 30-year mortgage at 12% compounded monthly. (a) Find the monthly…