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Home
—›
mortgage
?
Steve borrows $30,000 at 8% interest for a period of 25 years. If monthly
payments (P&I) were $231.54, what is the principal balance of the loan after the third
monthly payment?
$29,968.46
$29,936.71
$29,904.75
$29,872.58
Show Result
Correct
- Your answer is correct.
Wrong
- Your answer is wrong.
Detailed Answer
C
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