A buyer with a $750,000 loan has a monthly principal and interest payment of $4,376.80. If $3,593.75

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A buyer with a $750,000 loan has a monthly principal and interest payment of $4,376.80. If $3,593.75 is interest, what is the new principal balance after the first payment is applied?

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Business Math

ISBN: 978-0133011203

10th edition

Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble

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Posted Date: May 09, 2024 07:19 AM

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A buyer with a $750,000 loan has a monthly principal and interest payment of $4,376.80. If $3,593.75

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To calculate the new principal balance after the first payment is applied we need to subtract the in... View the full answer

Business Math

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