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How much of the first months payment goes toward interest on a 30-year monthly mortgage loan of $300,000 that has an annual interest rate of

How much of the first months payment goes toward interest on a 30-year monthly mortgage loan of $300,000 that has an annual interest rate of 8%? Discount rate is 8%.
  • A. $2,201
  • B. $2,100
  • C. $2,000
  • D. $1,950

How much of the last months payment goes toward interest on a 30-year monthly mortgage loan of $300,000 that has an annual interest rate of 8%? Discount rate is 8%.

  • A. $14.58
  • B. $14.85
  • C. $15.00
  • D. $16.67

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