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OpenStudy (anonymous):
Your parents are buying a house for $187,500. They have a good credit rating, are making a 20% down payment, and expect to pay $1,575/month. The interest rate for the motrgage is 4.65%. What must their realized income be before each month and how much interest is accrued at the end of the second month?
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OpenStudy (anonymous):
I've tried working this out but I have no idea :( Please help.
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