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1. Jane borrows $330,000 in a 30-year mortgage with monthly payments and quoted rate of 3.3%, monthly compounded. A) What is Jane's monthly payment? B)

1. Jane borrows $330,000 in a 30-year mortgage with monthly payments and quoted rate of 3.3%, monthly compounded.

A) What is Jane's monthly payment?

B) How much interest does Jane pay the first month?

C) How much principal does Jane pay the second month?

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