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A $90,000 home was financed by making a 20% down payment and signing a 30-year mortgage at 6.25% annual interest compounded monthly for the unpaid

A $90,000 home was financed by making a 20% down payment and signing a 30-year mortgage at 6.25% annual interest compounded monthly for the unpaid balance. The first payment is $443.32. How much of the first months payment will apply towards reducing the principle?

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