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Regina took out a 30-year loan for $110,000 at an APR of 9.6%, compounded monthly, and she is making monthly payments of $932.98. What will her balance be with 13 years left on the loan?
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1 vote
Regina took out a 30-year loan for $110,000 at an APR of 9.6%, compounded

monthly, and she is making monthly payments of $932.98. What will her
balance be with 13 years left on the loan?

User Lavasia
by
8.7k points

1 Answer

4 votes

Answer: $82,975.68 APEX

User JStead
by
8.7k points
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