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Determine the amount of interest expense on a 30 year mortgage of 234,000 with an interest rate of 5.5% assuming monthly compounding associated with the
Determine the amount of interest expense on a 30 year mortgage of 234,000 with an interest rate of 5.5% assuming monthly compounding associated with the last payment
A 6.06
B 6.26
C 6.46
D 6.66
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