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Consider a standard mortgage (360 months) with monthly payments and a nominal rate (monthly compounding) of 6.20%. What portion of the payments during the first

Consider a standard mortgage (360 months) with monthly payments and a nominal rate (monthly compounding) of 6.20%. What portion of the payments during the first 32 months goes toward principal?

16.96%

16.73%

15.86%

15.96%

17.59%

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