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Kimiko signed a mortgage requiring payments of $ 2 3 7 . 4 9 at the end of every month for 2 years at 7
Kimiko signed a mortgage requiring payments of $ at the end of every month for years at compounded monthly.
a How much was the original mortgage balance?
b If Kimiko missed the first payments, how much would she have to pay after months to bring the mortgage payments up to date?
c How much would Kimiko have to pay after months to pay off the mortgage assuming she missed all the payments
d If the mortgage were paid off after months, what would the total interest cost be
e How much of the total interest cost is additional interest because of the missed payments?
a The original mortgage balance was $
Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.
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