Why are they subtracting the mortagage balance of 32,000,000 when 5 years have passed? Shouldnt it be 30,122,000?
The loan is interest-only, so the mortgage payments dont amortize the principal
Why are they subtracting the mortagage balance of 32,000,000 when 5 years have passed? Shouldnt it be 30,122,000?
The loan is interest-only, so the mortgage payments dont amortize the principal