If a person has a fully amortizing mortgage loan for $80,000 at 9% interest for 25 years, how much interest is he paying and how much principle in the first 10 years of making monthly payment?
$ 671.36 a month 45,000 principle. ChaCha!
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by Clint R.
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About 0 Interest
0% interest simply means that a loan is granted to someone with no interest and all the consumer needs to pay back is the amount of the loan with no additional fees.
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