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A borrower takes out a 30-year mortgage loan for $431402 with an interest rate of 11% and monthly payments. What portion (dollar amount) of the
A borrower takes out a 30-year mortgage loan for $431402 with an interest rate of 11% and monthly payments. What portion (dollar amount) of the first month's payment would be applied to interest?
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Investment Science
Authors: David G. Luenberger
2nd Edition
0199740089, 978-0199740086
