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What is the balance on an amortized loan of $340,000 after the first payment if the interest rate is 6% with a monthly P

What is the balance on an amortized loan of $340,000 after the first payment if the interest rate is 6% with a monthly P
asked 160k views
3 votes
What is the balance on an amortized loan of $340,000 after the first payment if the interest rate is 6% with a monthly P

asked
User Yazu
by
8.6k points

1 Answer

8 votes

Answer:

I think it would be $339,672.00 but not positive

Step-by-step explanation:

answered
User HighFlyingSmurfs
by
7.5k points
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