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1 . In April you get a $ 2 0 0 , 0 0 0 mortgage loan for 1 5 years at an interest rate
In April you get a $ mortgage loan for years at an interest rate of The first monthly payment is due May st
a What is your balance after payment
b What is the principal amount of payment
c What is the interest amount of payment
d What is the amount of your final payment?
e What amount of interest can you deduct from your income tax at the end of the calendar year?
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