Mathematics, 29.10.2020 16:30 FailingstudentXD
A mortgage is paid off in 30 years with a lump sum payment of $124,000. It had a 2% interest rate that compounded monthly. What was the principal? Round your answer to the nearest cent and do not include the dollar sign. Do not round at any other point in the solving process; only round your final answer.
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A mortgage is paid off in 30 years with a lump sum payment of $124,000. It had a 2% interest rate th...
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