ltucker669 ltucker669

12-04-2024
Mathematics

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On May 1, the home mortgage balance was $115,000 for the home owned by Frank Gonzalez. The interest rate for the loan is 7% percent. Assuming that Frank makes the May monthly mortgage payment of $1380, calculate the following: (a) The amount of interest included in the May payment (round your answer to the nearest cent).

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