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Congratulations! You just purchased your first home with the help of a $250,000, 30 year 3.80% APR fixed rate mortgage. Your monthly payments are $1,164.89,
Congratulations! You just purchased your first home with the help of a $250,000, 30 year 3.80% APR fixed rate mortgage. Your monthly payments are $1,164.89, but you decide to "round up" your payments each month to $1200. How much of your first payment is applied to principal (rounded to the nearest dollar)?
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