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Find the mortgage balance after the first three payments on a 30-year $230,000 mortgage that was financed at an APR of 5.5 % and
Find the mortgage balance after the first three payments on a 30-year $230,000 mortgage that was financed at an APR of 5.5 % and has a monthly payment of $1305.91. Payment Number Interest Principal Mortgage Payment Payment Balance 1 $1054.17 $251.74 Balance 1 2 $1053.01 $252.90 Balance 2 3 $1051.85 $254.06 Balance 31
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Finance for Non Financial Managers
Authors: Pierre Bergeron
7th edition
176530835, 978-0176530839
