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tls043 tls043
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A year ago
A mortgage loan of $100,000 at 6% compounded monthly is amortized by equal monthly payments over 25 years. What is the total amount of interest that would be paid during the first year?

▸ $6,168

▸ $5,000

▸ $5,952

▸ $5,902

▸ $3,776
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Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
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rotatorrorotatorro
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A year ago
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tls043 Author
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A year ago
this is exactly what I needed
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Brilliant
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2 hours ago
Good timing, thanks!
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