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anastassius [24]
3 years ago
10

Jill Barkely obtained a 25-year, $460,000 mortgage loan from University Savings and Loan Association with 6% interest. The month

ly payment is $2,962.40. For the first payment, find the interest to the nearest cent.
Mathematics
1 answer:
aleksley [76]3 years ago
8 0
<span>Have you considered calculating it directly? $2,962.40*(0.06/12)
If you do that then your answer would be 14.81...
Hope this helps...  :)</span>
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