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A 20-year, $148,000 mortgage is taken out with a 4.9% APR. If payments are scheduled monthly and there are no additional costs, determine the balance on the account after the fi…
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A 20-year, $148,000 mortgage is taken out with a 4.9% APR. If payments are scheduled monthly and there are no additional costs, determine the balance on the account after the fi…
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Sep 11, 2018
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A 20-year, $148,000 mortgage is taken out with a 4.9% APR. If payments are scheduled monthly and there are no additional costs, determine the balance on the account after the first month's payment has been made.
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so.... the account is at 0 at the beginning, after the 1st payment made to the account, the only balance it'd have, is the first payment amount, so namely, what's the monthly amortized payment
Beau Bouchard
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