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Al obtained a mortgage of $195,000 at 5.25 percent for 15 years. How much of the second monthly payment is applied to interest? Rework the
Al obtained a mortgage of $195,000 at 5.25 percent for 15 years. How much of the second monthly payment is applied to interest? Rework the problem with a $1083.333 fixed principle reduction. Prepare amortization schedule (post first 5-10 rows)
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