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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 …

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 …
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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.

User Kevin Kaske
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he would pay $2119.72 and his remaing balance would be $243,780.28
User Raghul SK
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