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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 32 months goes toward principal?

22.89%

22.38%

21.93%

23.02%

23.29%

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