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A person is financing a house for $178,000 for 30 years at a rate of 5.1% interest with monthly payments. The monthly payment is
A person is financing a house for $178,000 for 30 years at a rate of 5.1% interest with monthly payments. The monthly payment is $966.45. Write each calculation that gives the values in the table below labeled A - F Payment Number Total Payment Interest Payment Principal Payment 1 966.45 A 756.60 B 209.95 2 966.45 D 755.61 E 210.84 Balance of Principal C 177,790.05 F 177,579.21
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