Rebecca Schmitt

Mathematics

28 May, 10:04

You have just applied, and have been approved for a $250,000 mortgage. The rate quoted to you by the lender is 5.0% for a 30 year fixed mortgage. Use the table provided to determine how much of your first month's payment goes towards the principal. / a. $359.21 c. $339.21 b. $393.21 d. $300.83

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