ramirezlorena0p55fhn ramirezlorena0p55fhn
  • 06-03-2018
  • Mathematics
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Consider a 15-year mortgage at an interest rate of 8% compounded monthly. The amount to be mortgaged is $130,000. After the first month's payment, what is the new outstanding principal?

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zrh2sfo
zrh2sfo zrh2sfo
  • 06-03-2018
The answer is $129,624.32
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