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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? 23.02% 22.38% 23.29% 21.93% 22.89%
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