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An investor obtained a mortgage loan of $300,000 to purchase a property at an annual interest rate of 4% compounded monthly and fully amortising over

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An investor obtained a mortgage loan of $300,000 to purchase a property at an annual interest rate of 4% compounded monthly and fully amortising over 20 years. How much of the loan amount would be paid off (amortised) at the end of the first two months of the loan

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