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Claudia has a mortgage of $470,000 through her bank for property purchased. The loan is repaid by end of month payments of $3,817.88 with an
Claudia has a mortgage of $470,000 through her bank for property purchased. The loan is repaid by end of month payments of $3,817.88 with an interest rate of 5.41% compounded monthly over 15 years. What is the interest paid in the 2 nd year of the mortgage? Enter a POSITIVE VALUE for the answer, rounded to two decimal places
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College Algebra With Modeling And Visualization
Authors: Gary Rockswold
6th Edition
0134418042, 978-0134418049
