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Current Attempt in Progress On January 1 , 2 0 2 4 a company takes out a 5 - year mortgage on a new property
Current Attempt in Progress
On January a company takes out a year mortgage on a new property in the amount of $ at an annual interest rate
of There will be a fixed monthly payment payable at the end of each month that will include both interest and principal. The fixed
monthly payment payable is $
a
Calculate the amount of interest and principal for the first month's payment. Round answers to decimal places, eg
Attempts: of used
b
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