Given the Following Information on a 30-Year Fixed-Payment Fully-Amortizing Loan

question 16

Multiple Choice

Given the following information on a 30-year fixed-payment fully-amortizing loan, determine the remaining balance that the borrower has at the end of seven years. Interest Rate: 7%, Monthly Payment: $1,200.

• A) $17,143
• B) $79,509
• C) $164,402
• D) $180,369

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Part-Time Employees

Part-time employees are workers who are employed for fewer hours than the standard full-time work schedule, often without the same benefits as full-time employees.

Utility Bill

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