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Fourteen years and three months ago, you took out a 30 - year loan of $300,000. The loan has a 7% APR with semi-annual compounding.

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Fourteen years and three months ago, you took out a 30 - year loan of $300,000. The loan has a 7% APR with semi-annual compounding. What is the ratio of payment that goes towards interest payment on the loan in the past year? Please show the intermediate steps of how you solve the

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