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Amortization Table order to buy a house, Robert is going to borrow $220,000 today with an 8.50% nominal annual rate of Interest. He is going

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Amortization Table order to buy a house, Robert is going to borrow $220,000 today with an 8.50% nominal annual rate of Interest. He is going to make monthly payments over 15 years. Assuming full amortization of the loan, what percentage of his second monthly payment will go toward the repayment of principal? (round each calculation to the nearest dollar.) a. 28.25% b. 29.65% c. 26.55% d. 27.90% e. 30.15% Amortization Table order to buy a house, Robert is going to borrow $220,000 today with an 8.50% nominal annual rate of Interest. He is going to make monthly payments over 15 years. Assuming full amortization of the loan, what percentage of his second monthly payment will go toward the repayment of principal? (round each calculation to the nearest dollar.) a. 28.25% b. 29.65% c. 26.55% d. 27.90% e. 30.15%

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