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Mr. and Mrs. Thompson purchased a condominium. It was financed with a $185,500, 30-year, 3.875% compounded monthly mortgage. How much interest was included in their
Mr. and Mrs. Thompson purchased a condominium. It was financed with a $185,500, 30-year, 3.875% compounded monthly mortgage. How much interest was included in their first payment? Please show your work if possible and label answer. Thank you.
How much interest was included in their first payment?
Please show your work if possible and label answer. Thank you.
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Business Statistics
Authors: Robert A Donnelly, Robert Donnelly Jr
2nd Edition
0133852288, 9780133852288
