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Find the mortgage balance after the first three payments on a 20-year $100,000 mortgage that was financed at an APR of 3.5% and has
Find the mortgage balance after the first three payments on a 20-year $100,000 mortgage that was financed at an APR of 3.5% and has a monthly payment of $579.96. Correct Payment Interest Principal Mortgage Number Payment Payment Balance 1 $291.67 $288.29 Balance 1 2 $290.83 $289.13 Balance 2 3 $289.98 $289.98 Balance 3
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