Mathematics, 11.11.2021 16:20, patriciamelton57

Aaron has bought a house using a loan of $140,000, 4% interest. Their monthly mortgage payment is $900. The taxes and insurance for the house is $240 a month. They make their first mortgage payment after 30 days.

a.) How much interest do they owe after 30 days? (Note: you’ll have to convert 30 days to years since the compound interest formula uses "t" for years).

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Aaron has bought a house using a loan of $140,000, 4% interest. Their monthly mortgage payment is $9...