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stuck on formulas and solving this In order to purchase a home, a family borrows $250,000 at an annual interest rate of 3.5%, to be
stuck on formulas and solving this In order to purchase a home, a family borrows $250,000 at an annual interest rate of 3.5%, to be paid back over a 30-year period in equal monthly payments. AJ Which of the following formulas will help find the monthly payment? Select ] 1.1 Prt 2. A=P(1+r) 3. A-P(1+5)* 4.Y - (1 + )" - 1 5.R B) Find the monthly payment of the mortgage. Select V What is the interest earned on the first month? Select DJ Which of the following formulas will help find how much of the payment will go to the balance? Select 1.1 -Prt 2.1A-P 3. PRI 4. P=A-1
stuck on formulas and solving this
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