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Homework Question 25# Suppose that you wish to buy a new home that will cost you $400,000. You must put $80,000 down, and will finance

Homework Question 25#

Suppose that you wish to buy a new home that will cost you $400,000. You must put $80,000 down, and will finance the rest at 4.8% APR, making monthly payments for 30 years at the end of each month. How much of your second payment will be interest?

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