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A borrower takes out a 30-year mortgage loan for $250,000 with an interest rate of 5 percent and monthly payments. What portion of the first

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A borrower takes out a 30-year mortgage loan for $250,000 with an interest rate of 5 percent and monthly payments. What portion of the first month's payment would be applied to interest? A. $694 B. $1,342 C. $1,042 D. $1,355 E. $621

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