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spoonsaurus
spoonsaurus spoonsaurus
  • 14-02-2017
  • Mathematics
Answered

Jacob obtained a 15-year, $245,900 for his new vacation home. The interest rate is 5.5% and his monthly payment is $2,009.21. For the first payment, find the new balance to the nearest cent.

Verified Answer :

toolsjoe2000 toolsjoe2000
  • 14-02-2017

he would pay $2119.72 and his remaing balance would be $243,780.28

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