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Fourteen years and two months ago, you took out a 30 year loan of $300,000. The loan has a 6% APR with semi-annual compounding. What
Fourteen years and two months ago, you took out a 30 year loan of $300,000. The loan has a 6% APR with semi-annual compounding. What is the ratio of payment that goes towards interest payment on the loan in the past year? please do not use excel
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