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Consider a $500,000 fixed rate loan amortized over 30 years at 4.5% interest. How much principal will be paid in the 113 th month? Select
Consider a $500,000 fixed rate loan amortized over 30 years at 4.5% interest. How much principal will be paid in the 113th month? |
Select one:
a. $2,533.43
b. $1,532.11
c. $1,001.31
d. $4,562.30
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