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1 on The second file is for a client named Toomes, who also has a mortgage with the bank. The details you can gather for Toomes loan are as follows: • Current loan outstanding: $499,000 • Current monthly repayment: $2620 • Next repayment. Due exactly 1 month from now • Interest rate on loan: *12=4.8% Using this information, determine the following: How much interest is Toomes charged for the coming month? Do NOT include a dollar sign in your answer. Answer: 1 on The second file is for a client named Toomes, who also has a mortgage with the bank. The details you can gather for Toomes loan are as follows: • Current loan outstanding: $499,000 • Current monthly repayment: $2620 • Next repayment. Due exactly 1 month from now • Interest rate on loan: *12=4.8% Using this information, determine the following: How much interest is Toomes charged for the coming month? Do NOT include a dollar sign in your answer. Answer: 1 on The second file is for a client named Toomes, who also has a mortgage with the bank. The details you can gather for Toomes loan are as follows: • Current loan outstanding: $499,000 • Current monthly repayment: $2620 • Next repayment. Due exactly 1 month from now • Interest rate on loan: *12=4.8% Using this information, determine the following: How much interest is Toomes charged for the coming month? Do NOT include a dollar sign in your answer. Answer: 1 on The second file is for a client named Toomes, who also has a mortgage with the bank. The details you can gather for Toomes loan are as follows: • Current loan outstanding: $499,000 • Current monthly repayment: $2620 • Next repayment. Due exactly 1 month from now • Interest rate on loan: *12=4.8% Using this information, determine the following: How much interest is Toomes charged for the coming month? Do NOT include a dollar sign in your answer. Answer:
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Calculation of the interest charged for the coming month is as follows Outstanding amount of the cur... View the full answer
Related Book For
Systems analysis and design in a changing world
ISBN: 978-1423902287
5th edition
Authors: John W. Satzinger, Robert B. Jackson, Stephen D. Burd
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