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A house is to be purchased for $183,600 with a 10% down payment, thereby financing $165,240 with a home loan and mortgage. There are no

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A house is to be purchased for $183,600 with a 10% down payment, thereby financing $165,240 with a home loan and mortgage. There are no "points" or other closing charges associated with the loan. A conventional 30-year loan is used at 7.5%, resulting in monthly payments of $1,155.38. The interest portion of the first monthly payment will be what? O $696.38 O $1.032.75 O $122.63 The answer cannot be determined without more information

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