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Deb buys a house for $175,000. She makes a $30,000 down payment and mortgages the rest at 3.8% for 30 years. Find her monthly payment.
Deb buys a house for $175,000. She makes a $30,000 down payment and mortgages the rest at 3.8% for 30 years. Find her monthly payment. How much of the first payment is interest? Please show your work, so I may learn how to do this problem.
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