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Use the following information to answer the remaining questions: You just acquired a mortgage in the amount of $149,500 at 9.00 percent interest, compounded monthly.
Use the following information to answer the remaining questions: You just acquired a mortgage in the amount of $149,500 at 9.00 percent interest, compounded monthly. Equal payments are to be made at the end of each month for thirty years. How much of the first loan payment is interest (in dollars)? How much will be principal? After graduation, you plan to work for XTRA Corporation for 10 years and then start your own business. You expect to save $5,300 a year for the first 5 years and $11,000 annually for the following 5 years, with the first deposit being made a year from today. In addition, your great aunt just gave you a $22,000 graduation gift which you will deposit immediately. If the account earns 5.5% compounded annually, what how much will you have when you start your business 10 years from now? $137,630.77 $137,268.70 $141,100.25 $97.322,82 $155,023.47
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