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2 Question 2 2. You have just bought an apartment and taken out a $250 000 mortgage. The mortgage has a 25-year term wit
Posted: Wed Mar 09, 2022 8:40 am
by answerhappygod
- 2 Question 2 2 You Have Just Bought An Apartment And Taken Out A 250 000 Mortgage The Mortgage Has A 25 Year Term Wit 1 (13.95 KiB) Viewed 36 times
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Question 2 2. You have just bought an apartment and taken out a $250 000 mortgage. The mortgage has a 25-year term with monthly payments and an APR of 4.8% (monthly compounding). a. How much will you pay in principal during the first year? (10p) b. How much will you pay in interest during the first year? (5p) Fill in your answer here