Register
A $245,000 mortgage for 25 years for a new home is obtained at the rate of 9.2% compounded monthly. Find (a) The monthly payment, (b) The interest in the first payment, (c) The principal repaid in the
123k views
3 votes
A $245,000 mortgage for 25 years for a new home is obtained at the rate of 9.2% compounded monthly. Find

(a) The monthly payment,

(b) The interest in the first payment,

(c) The principal repaid in the first payment, and (d) The total interest paid.

User GavinBurke
by
7.5k points

1 Answer

2 votes

Answer:

a

Explanation:

common sense dummy

User Goe
by
8.3k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.5m questions

12.2m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Write words to match the expression. 24- ( 6+3)
The cost of 5 similar digital cameras and 3 similar video cameras is 3213. Each video camera costs 4 times as much as each digital camera. John buys a digital camera and a video camera. How much does he
Link Copied!