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ratelena [41]
2 years ago
15

What function would you use to calculate the total interest paid for the first year of a mortgage?.

Computers and Technology
1 answer:
WITCHER [35]2 years ago
3 0

Answer:

To calculate the total interest paid for the first year of a mortgage, the formula M = [P.r (1+r)n] / [(1+r)n-1] × 12 can be used.

Explanation:

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