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A homeowner just obtained a 30 year (360) month mortgage for $200,000.The mortgage has a fixed nominal annual rate of 6%, with monthly payments. How
A homeowner just obtained a 30 year (360) month mortgage for $200,000.The mortgage has a fixed nominal annual rate of 6%, with monthly payments. How much money made during the first 6 months will go toward payment of interest? ( Select Closest Answer )
A) 4,500.25
B) 5,123.63
C) 5,376.77
D) 5,984.97
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