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4. You have just purchased a home and taken out a $500,000 mortgage. The mortgage has a 30-year term with annual payments and an APR

4. You have just purchased a home and taken out a $500,000 mortgage. The mortgage has a 30-year term with annual payments and an APR of 6%. How much will you pay in interest, and how much will you pay in principal during the first year?

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