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Determine the payment for a 15 years mortgage, of 200,000, and financed @ 3%. How much of the 1 st payment is applied to interest?

  • Determine the payment for a 15 years mortgage, of 200,000, and financed @ 3%.
  • How much of the 1st payment is applied to interest?
  • How much of the last payment is applied to interest?

How do you get the answers with calculator? I know the excel way.

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