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A borrower takes out a 3 0 - year mortgage loan for $ 2 5 0 , 0 0 0 with an interest rate of
A borrower takes out a year mortgage loan for $ with an interest rate of percent and monthly payments. What portion of the first month's payment would be applied to interest?Question options:$$$$Question points What is the annual interest rate of a fully amortizing year fixed rate $ mortgage, with a monthly payment of $Question
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