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Mathematics, 11.08.2021 01:00 sleepyflower10

A conventional mortgage loan closed on July 1 for $165,000 at 3.75% interest amortized over 25 years at $857.06 per month. Using a 360-day year and interest paid in arrears, what would the interest portion of the payment be?

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A conventional mortgage loan closed on July 1 for $165,000 at 3.75% interest amortized over 25 years...
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