Business, 02.07.2021 15:30 playboyG80
Tom wishes to purchase a property that has been valued at $300,000. He has $30,000 available as a deposit, and will require a mortgage for the remaining amount. The bank offers him a 25-year mortgage at 2% interest, compounded monthly. Calculate the total interest paid on the mortgage, to the nearest dollar. Do not include commas or the dollar sign in your answer.
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Tom wishes to purchase a property that has been valued at $300,000. He has $30,000 available as a de...
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