Justin Wimmer is financing $169,700 for a home at 5.25% interest with a 20-year fixed-rate loan. Find

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Justin Wimmer is financing $169,700 for a home at 5.25% interest with a 20-year fixed-rate loan. Find the interest paid and principal paid for each of the first two months of the loan and find the principal owed at the end of the second month?

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Business Math

ISBN: 978-0133011203

10th edition

Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble

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Question Posted: Mar 11, 2016 02:00 AM

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Justin Wimmer is financing $169,700 for a home at 5.25% interest with a 20-year fixed-rate loan. Find

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Number of 1000 units 169700 1000 1697 Table 161 value 674 Monthly payment 16...View the full answer

Business Math

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