Mathematics, 23.04.2020 02:59 eleaanastasiawo
A $245,000 mortgage for 25 years for a new home is obtained at the rate of 9.2% compounded monthly. Find
(a) The monthly payment,
(b) The interest in the first payment,
(c) The principal repaid in the first payment, and (d) The total interest paid.
Answers: 2
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A $245,000 mortgage for 25 years for a new home is obtained at the rate of 9.2% compounded monthly....
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