The outstanding balance of the mortgage loan is $193,939.29.
<h3>What is
mortgage loan?</h3>
A mortgage loan is a type of loan that enables an individual to purchase a home and are provided by either a mortgage lender or bank.
Present value of annuity = Annuity [1 - (1+interest rate/12)^-(12*time period)]/(rate/12)
Present value of annuity = $1449*[1-(1+0.07625/12)^-(12*25)]/(0.07625/12)
Present value of annuity = $1449*[1-(1+0.00635416667)^-(300)]/0.00635416667
Present value of annuity = $1449*[1-(1.00635416667)^-(300)]/0.00635416667
Present value of annuity = $1449*[1-0.149535834]/0.00635416667
Present value of annuity = $1449*133.843541
Present value of annuity = $193,939.29
In conclusion, the outstanding balance of the mortgage loan is $193,939.29.
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<em>brainly.com/question/1318711</em>
Answer:
probably not paying it off in time or something
Explanation:
the answer is in the word doc
For the answer to the question above. I believe the answer there is strategic Alliance. It is when two or more individuals, parties or business agreed upon some objectives towards a goal while needed independently like the Red Camera which they use in the Hollywood Films they collab with Leica lenses to make a better looking unmatched quality of cinematography. The Youtubers can be a good example. They collab together to get more audience.
Answer:
C) 10%
Explanation:
($144,000 + $12,780)/$36,000 = 4.355