1. What would be the monthly payment on a $250,000 15-year fixed rate mortgage with...
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Finance
1. What would be the monthly payment on a $250,000 15-year fixed rate mortgage with a 4.5% APR (compounded and paid monthly)?
2. In the first months payment, how much principal will be repaid on a $250,000 15-year fixed rate mortgage with a 4.5% APR?
Please show manual calculations (not using excel)
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