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How much interest did pay during the year

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Reference no: EM132757810

Problem 1: Ms. Smith pays her mortgage twice a month (24 times a year) and the payments are $750. The outstanding mortgage balance on January 1, 2018 was $233,000 and on December 31, 2018 it was $219,500. How much interest did she pay during the year?

Reference no: EM132757810

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