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Kim has a mortgage of $427,000 through her bank for property purchased. The loan is repaid by end of month payments of $
Posted: Fri Jul 01, 2022 7:51 am
by answerhappygod
- Kim Has A Mortgage Of 427 000 Through Her Bank For Property Purchased The Loan Is Repaid By End Of Month Payments Of 1 (32.16 KiB) Viewed 47 times
Kim has a mortgage of $427,000 through her bank for property purchased. The loan is repaid by end of month payments of $3,074.31 with an interest rate of 6.84% compounded monthly over 23 years. What is the interest paid in the 5th year of the mortgage? Enter a POSITIVE VALUE for the answer, rounded to two decimal places. P1 = P2 = Interest paid in 5th year = (enter a positive value)