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harry32 harry32
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4 months ago

Joe Jay purchased a new colonial home for $260,000, putting down 20%. He decided to use Loyal Bank for his mortgage. They were offering a 6 ½% for a 25-year mortgage. The principal after the first payment had a balance outstanding of:



▸

$259,652.79



▸

$207,722.24



▸

$206,595.57



▸

$258,244.46

Textbook 
Math for Business and Finance: an Algebraic Approach

Math for Business and Finance: an Algebraic Approach


Edition: 3rd
Author:
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ftricey04ftricey04
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4 months ago
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harry32 Author
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4 months ago
Smart ... Thanks!
hpascoe
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Yesterday
Thanks for your help!!
djeghri
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2 hours ago
Correct Slight Smile TY
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