Keisha is purchasing an apartment for $180,000. She has been approved for a 4.0% mortgage. She put
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Keisha is purchasing an apartment for $180,000. She has been approved for a 4.0% mortgage. She put 10% down and will be closing on April 22. Her first payment is due May 1. How much should she expect to pay in prepaid interest?
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A 1 Enter the loan amount. 3 Enter the day of the month for closing. 5 Enter number of days in month. Enter the APR for the loan. 7 9 Interest due for one year. 10 Daily interest due. 11 Interest due from closing date until the end of the month. B
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Related Book For
Financial Algebra Advanced Algebra With Financial Applications
ISBN: 9781337271790
2nd Edition
Authors: Robert Gerver, Richard J. Sgroi
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