A loan on an investment property closed on July 1st for $765,000 at 5.5% interest amortized over 25 years at $4,697.77 per month
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Answer
Find out the conversion factor for seconds to minutes and convert 135 seconds to minutes.
To prove
1 minute = 60 second
for seconds to minutes.
Therefore the conversion factor for seconds to minutes be
Now convert 135 seconds to minutes.
= 2.25 minutes
Hence proved