SOLUTION: How much is one month's interest on a mortgage balance of $78,320 at a 6.75% annual interest rate?

SOLUTION: How much is one month's interest on a mortgage balance of $78,320 at a 6.75% annual interest rate?

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Question 160213: How much is one month's interest on a mortgage balance of $78,320 at a 6.75% annual interest rate?
Answer by Fombitz(32388) (Show Source): You can put this solution on YOUR website!
You need to know the time associated with the mortgage.
10 year, 15 year, 30 year???
Please re-post with this information.
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