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Consider a standard mortgage {360 months) with monthly payments and a nominal rate (monthly compounding) of 5.30%. What portion of the payments during the first
Consider a standard mortgage {360 months) with monthly payments and a nominal rate (monthly compounding) of 5.30%. What portion of the payments during the first 29 months goes toward interest? 83.32% 79.86% 81.44% 83.91% 78.21%
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