brianmerino00 brianmerino00

15-05-2020
Mathematics

contestada

1. Michael obtained a 30-year, $90,000 mortgage with an interest rate of 8 percent, what is the interest For
the first payment?

Respuesta :

patowc330 patowc330

15-05-2020

Answer:

$600

Step-by-step explanation:

P = L[c(1 + c)^n]/[(1 + c)^n - 1]

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