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Consider a standard mortgage {360 months) with monthly payments and a nominal rate (monthly compounding) of 6.10%. 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 6.10%. What portion of the payments during the first 34 months goes toward principal? 18.43% 19.29% 16.71% 15.80% 17.54%

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