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How much principal is repaid in the first payment interval on a $200,000 25-year mortgage? The mortgage is amortized over 25 years and the payments
How much principal is repaid in the first payment interval on a $200,000 25-year mortgage? The mortgage is amortized over 25 years and the payments are monthly. The interest rate is 1.99% compounded semi-annually.
Select one:
a. $339.81
b. $327.16
c. $330.30
d. $293.86
e. $145.94
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