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Hitman42 [59]
3 years ago
11

Consider a 15-year mortgage at an interest rate of 8% compounded monthly. The amount to be mortgaged is $130,000. After the firs

t month's payment, what is the new outstanding principal?
Mathematics
1 answer:
MrMuchimi3 years ago
3 0
The answer is <span>$129,624.32</span>
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