She financed the balance over 15 years at 5 interest her


Judy recently purchased her first home for $240,000.She made a down payment of $20,000. She financed the balance over 15 years at 5 % interest. Her first payment is due October 1 of this year. How much interest will she pay this year?

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Finance Basics: She financed the balance over 15 years at 5 interest her
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