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Consider a 15-year mortgage at an interest rate of 8% compounded monthly. The amount to be mortgaged is $130,000. After the first month's payment, what

Consider a 15-year mortgage at an interest rate of 8% compounded monthly. The amount to be mortgaged is $130,000. After the first month's payment, what is the new outstanding principal? a. $129,912.77 b. $129,624.32 c. $129,483.28 d. $129,412.98

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