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8. (10 points) Jack takes out a mortgage for X. He will repay the mortgage with 360 level end of month payments and with the

8. (10 points) Jack takes out a mortgage for X. He will repay the mortgage with 360 level end of month payments and with the nominal rate of interest being 19.2% convertible monthly. For which payment(s) is the principal portion at least three times the interest portion? 8. (10 points) Jack takes out a mortgage for X. He will repay the mortgage with 360 level end of month payments and with the nominal rate of interest being 19.2% convertible monthly. For which payment(s) is the principal portion at least three times the interest portion

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