Mathematics, 21.05.2021 23:40 jabezslade22
Renalda has purchased a condominium and received a mortgage loan in the amount of $50,000 for 25
years. Her monthly payments on this loan are $510.55. In the first three months of this mortgage, how
much of this payment goes to interest and how much to principal? The interest rate on this loan is 11.9%
per year.
Answers: 3
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Renalda has purchased a condominium and received a mortgage loan in the amount of $50,000 for 25
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