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Mathematics, 23.04.2020 02:59 eleaanastasiawo

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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