Business
Business, 24.02.2020 20:58, bahjaMcclatchey1110

In order to pay off a mortgage of $300,000, a customer pays $1663.79 at the end of each month. The mortgage is for 20 years with an annual interest rate of 3%, with interest compounded monthly. Assuming that all payments are made on time, how much interest does the customer pay?

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Answers: 3

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In order to pay off a mortgage of $300,000, a customer pays $1663.79 at the end of each month. The m...

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