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You purchase a 15 room home in Georgia for $350,000. Assuming you put 10% down, how...

You purchase a 15 room home in Georgia for $350,000. Assuming you put 10% down, how much principal would you pay during month 55? Assume you receive a 30 year fixed mortgage, paid monthly, with a rate of 6.9% (use a spreadsheet to help you).

Possible Answers: $1,731.78, $358.91, $320.02, $1,303.23

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SOLVED WITH BA II PLUS CALCULATOR

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