ErickN305 ErickN305
  • 02-03-2022
  • Computers and Technology
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What function would you use to calculate the total interest paid for the first year of a mortgage?.

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peterala000
peterala000 peterala000
  • 02-03-2022

Answer:

To calculate the total interest paid for the first year of a mortgage, the formula M = [P.r (1+r)n] / [(1+r)n-1] × 12 can be used.

Explanation:

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