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A lender originates $120,000 mortgage at 6% APR interest with monthly payments for 30 years how much interest will be repaid during the third year
A lender originates $120,000 mortgage at 6% APR interest with monthly payments for 30 years how much interest will be repaid during the third year only of the loan note use the amortization schdule in your calculator
Alender originates a $120,000 mortgage at 6% APR interest, with monthly payments for 30 years. How much interest will be repaid during the 3rd year (only!) of the loan? (note: use the amortization schedule in your calculator) $21,201.47 $12,595.15 $7194.60 $14,121.32 $6,972.53 Step by Step Solution
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