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A 30-year, $240,000 mortgage has a rate of 5.3 percent. a. What are the interest and principal portions in the first payment? (Do not round

A 30-year, $240,000 mortgage has a rate of 5.3 percent. a. What are the interest and principal portions in the first payment? (Do not round intermediate calculations. Round your answers to 2 decimal places.) b. What are the interest and principal portions in the second payment? (Do not round intermediate calculations. Round your answers to 2 decimal places.

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