If you have a home loan for $220,000.00 and the monthly payment is $1,350.00 with interest...
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If you have a home loan for $220,000.00 and the monthly payment is $1,350.00 with interest rate of 3.6% compounded monthly. How much of the FIRST payment is interest? How much is left of the FIRST payment to pay down the principle? What is the balance after the FIRST payment has been made: Round to the nearest cent (or 2 decimal places). Do not include dollar sign or commas. If you have a home loan for $220,000.00 and the monthly payment is $1,350.00 with interest rate of 3.6% compounded monthly. How much of the FIRST payment is interest? How much is left of the FIRST payment to pay down the principle? What is the balance after the FIRST payment has been made: Round to the nearest cent (or 2 decimal places). Do not include dollar sign or commas.
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Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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