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A $300,000.00 thirty year mortgage has a monthly payment of $1,798.65. Assuming a mortgage rate of 6% APR, how much interest is due on the
A $300,000.00 thirty year mortgage has a monthly payment of $1,798.65. Assuming a mortgage rate of 6% APR, how much interest is due on the first mortgage payment?
a. | $1,800.00 | |
b. | $1,500.00 | |
c. | $1,700.00 | |
d. | $1,562.50 |
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