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3. J.D. Homeowner has just bought a house with a owner has just bought a house with a 20-year, 9%, $70,000 mortgage on which he

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3. J.D. Homeowner has just bought a house with a owner has just bought a house with a 20-year, 9%, $70,000 mortgage on which he is paying $629.81 per month. b) How much of the first $629.81 on the loan is interest? (Hint: During the first payment, J.D. owed the whole loan)

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