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For question: You have just purchased a new home and taken out a $520,000 mortgage. THe mortgage has a 30-year term and 6% APR: a)

For question: "You have just purchased a new home and taken out a $520,000 mortgage. THe mortgage has a 30-year term and 6% APR:

a) how much interest and how much principal will you pay in year 1?

b) how much interest and how much principal will you pay during the 20th year?

How do I calculate parts a and b?

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