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Consider a standard mortgage {360 months) with monthly payments and a nominal rate (monthly compounding) of 6.70%. What portion of the payments during the first

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Consider a standard mortgage {360 months) with monthly payments and a nominal rate (monthly compounding) of 6.70%. What portion of the payments during the first 30 months goes toward principal? 15.37% 15.44% 14.80% 15.32% 14.62%

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