A home buyer get a loan for $85,000 at an interest rate of 12%?

with monthly payments of $874.33 After the third payment is made, what will be the outstanding worth of the loan?

Answers:

This depends on all along the amortization.

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This is a thirty year loan. After the third payment is made, the buyer still owes $84,926.31 Source(s): 14 yrs San Antonio Realtor

Go to www.bankrate.com and use the mortgage calculator to show the loan on a fully amortization table. Source(s): www.bankrate.com

balance would be $84901.25

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