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Five years ago, the Bridges purchased a house and took out a mortgage of $ 6 0 0 , 0 0 0 from the BMO

Five years ago, the Bridges purchased a house and took out a mortgage of $600,000 from the BMO bank. They amortized the mortgage over 25 years at 2.79% compounded semi-annually for a 5-year term. The bank calculated their monthly payment should be $2,776.How much of the 2nd payment was interest?$1,383.75$32,385.62$1,396.58$2,770.71$2,783.54Next PagePage

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