In 2002, Paul purchased a house and took out a 25-year $50,000 mortgage at 6% interest compounded monthly. In 2012,...
iva.baIn 2002, Paul purchased a house and took out a 25-year $50,000 mortgage at 6% interest compounded monthly. In 2012, he sold the house for $150,000. How much money did he have left after he paid the bank the unpaid balance on the mortgage?
- 9 years ago
- 999999.99
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