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1) You just got a 15-year fixed home mortgage in the amount of $250,000 at 3.25 percent APR compounded monthly. If the loan is repaid

1) You just got a 15-year fixed home mortgage in the amount of $250,000 at 3.25 percent APR compounded monthly. If the loan is repaid in equal (fixed) monthly payments, how much of the first payment w...

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