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Cathy takes out a $178,000 mortgage to be paid off over the span of 30 years. Cathy computes the APR at the end of the

Cathy takes out a $178,000 mortgage to be paid off over the span of 30 years. Cathy computes the APR at the end of the loan and determines it to be 4.37%. What percentage of the total payment is interest? APR - P(N+1) 34 27% 39.66% 60.34% 65 73%

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