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A homeowner just obtained a 30 year amortized mortgage loan for $150,000 at a nominal rate of 6.5% with 360 end of month payments. What
A homeowner just obtained a 30 year amortized mortgage loan for $150,000 at a nominal rate of 6.5% with 360 end of month payments. What percentage of the total payments made during the first 3 months will go toward payment interest?
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