Question: Mike qualifies to borrow 1 5 0 ' 0 0 0 on a monthly amortizing mortgage at 9 % for 2 0 years. 4 years
Mike qualifies to borrow on a monthly amortizing mortgage at for years. years later, the government found some irregularities in his income tax return and ask him to recalculate some amounts. How much interest did he pay during the rd year of this loan?
Round to decimal places and no dollar sign.
For example: if the answer is $ then write down
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