What would be the amount of interest charged
Problem
A 25-year mortgage requires payments of $2,122.79 at the end of each three months. if interest is 1.39% compounded monthly,
1. What was the mortgage principal?
2. What would be the amount of interest charged?
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A 25-year mortgage requires payments of $2122.79 at the end of each three months. What was the mortgage principal? What would be the amount of interest charged?
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