Tom took out a $440,000 15-year adjustable rate mortgage with a 4% initial 6-month rate. The amortization
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Payment Beginning Monthly rd Toward Ending Number Balance PaymentInterest Principal Balance 1 440,000.00 3,254.63 1,466.67,787.96 438,212.04 2 438,212.04 3,254.63 1,460.71 1,793.92 436,418.12 3 436,418.12 3,254.63 1,454.73 1,799.90 434,618.22 434,618.22 3,254.63 1,448.73 1,805.90 432,812.32 5 432,812.323,254.63 1,442.71 1,811.92 431,000.40 431,000.40 3,254.63 1,436.67 1,817.96 429,182.44 6
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Financial Algebra advanced algebra with financial applications
ISBN: 978-0538449670
1st edition
Authors: Robert K. Gerver
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