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Mathematics, 31.03.2020 04:44 sarahhans6711
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.
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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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