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Mathematics, 08.09.2021 07:10 tiannaetzel
An amount of $350,000 is borrowed for a period of 30 years at an interest rate of 5.5%. The amortization schedule for this
loan is below. Payments of $1,987.26 are made monthly.
Payment #
Payment
Interest
Debt Payment Balance
1
1,987.26 1,604.17
383.09
2
1,987.26 1,602.41
384.85
y
у
3
1,987.26 1,600.65
386.61
N
Calculate the value of z, the balance of the loan at the end of month 3.
Round your answer to the nearest dollar.
Do NOT round until you calculate the final answer.
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Mathematics, 22.06.2019 00:00, kittenface3428
28 x 12 + 34 = ? it's for a test that if i fail on i will not proceed into the honor roll society i always dreamed of!me! worth 50 !
Answers: 1
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An amount of $350,000 is borrowed for a period of 30 years at an interest rate of 5.5%. The amortiza...
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