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A 5203.600 mortgage for 25 years for a new home is obtained at the rate of 68% compounded monthly Find (a) the monthly payment. (b)
A 5203.600 mortgage for 25 years for a new home is obtained at the rate of 68% 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 finance charge (a) The monthly payment on the mortgages (Round the final answer to two decimal places as needed. Round all intermediate values to sie decimal places as needed) (b) The interest in the first payment is (Round the final aorto two decal places as needed Round intermediate values to be decimal places as needed (c) The principal repaid in the first payment is Round the final awer to two decimal places as needed Round intermediate acesto six decimal places as needed d) The finance charges Round to two decimal places as needed
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