Mathematics, 29.05.2021 23:30, smith3mgy

Carrie and Steve agree to a $149,000 mortgage at 5.5% annual interest for 30 years. They have a monthly payment of $846.01 and the interest paid in month one is $682.92. Assuming they only make the minimum payment in month one, what do you know about their loan?

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Carrie and Steve agree to a $149,000 mortgage at 5.5% annual interest for 30 years. They have a mont...