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2.9 points Return to questionItem 7 A 15-year mortgage has an annual interest rate of 5.05 percent and a loan amount of $165,000. (Hint: Use
2.9 points Return to questionItem 7 A 15-year mortgage has an annual interest rate of 5.05 percent and a loan amount of $165,000. (Hint: Use the "IPMT" and "PPMT" functions in Excel.) What are the interest and principal for the 36th payment? (Round your answers to 2 decimal places.)
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