AtlFan375 AtlFan375
  • 23-04-2020
  • Mathematics
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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. 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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  • 23-04-2020

Answer:

a

Step-by-step explanation:

common sense dummy

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