You are buying a $162,000 house with a 20% down payment and a fixed-rate mortgage for the
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Question:
You are buying a $162,000 house with a 20% down payment and a fixed-rate mortgage for the remainder at 8.75% for 30 years with monthly payments. How much interest is paid over the course of the first 12 months?
i have a financial calculator, i just need help on how to solve it
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