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A borrower takes out a 30-year mortgage loan for $300,000 with an interest rate of 5% and monthly payments. What portion of the 11th payment

A borrower takes out a 30-year mortgage loan for $300,000 with an interest rate of 5% and monthly payments. What portion of the 11th payment would be applied to interest? $1,250 $1,235 $1,342 $1,000 None of the Above

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