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Consider a standard mortgage ( 360 months) with monthly payments and a nominal rate of 6.80%. What portion of the payments during the first 31

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Consider a standard mortgage ( 360 months) with monthly payments and a nominal rate of 6.80%. What portion of the payments during the first 31 months goes toward principal? 14.49% 13.51% 14.25% 13.04% 15.51\%

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