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How do I solve this? 8) You obtain a 30 year mortgage for $400,000 with a 3.5% annual interest rate and make annual payments of
How do I solve this?
8) You obtain a 30 year mortgage for $400,000 with a 3.5% annual interest rate and make annual payments of $20,000. The amount of your first payment that goes toward paying interest is A) $14,000 B) $20,000 C) $6,000 D) SOStep by Step Solution
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