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Amortization 10. You have just bought a house and have a $125,000, 25-year mortgage with a fixed interest rate of 8.5 percent with monthly payments.

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Amortization 10. You have just bought a house and have a $125,000, 25-year mortgage with a fixed interest rate of 8.5 percent with monthly payments. Over the next five years, what percentage of your mortgage payments will go toward the repayment of principal? a. 8.50% b. 10.67% c. 12.88% d. 14.93% e. 17.55%

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