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Anni [7]
3 years ago
9

Help me with these two problems? (attatched below)

Mathematics
1 answer:
Inessa [10]3 years ago
4 0
You are given an annual interest rate of 4.2% compounded monthly for 20 years, mortgage amount of $235,000. You are asked to find the monthly payment. You need the compound interest formula to solve this problem. The answer is $1,449.
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