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9. You borrow $135,000 for twenty years at 9 percent. This is an amortized loan with monthly payments. How much of the first payment goes

9. You borrow $135,000 for twenty years at 9 percent. This is an amortized loan with monthly payments. How much of the first payment goes to the principle balance of the loan? Assume that one month is equal to 1/12 of a year

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