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Hunter recently bought a new condominium and took out a 30-year fixed mortgage in the amount of $350,000 with a nominal interest rate of 4.25%.

Hunter recently bought a new condominium and took out a 30-year fixed mortgage in the amount of $350,000 with a nominal interest rate of 4.25%. How much are Hunters monthly payments? What proportion (%) of Hunters mortgage payments made during the first three years will be applied to interest? What will be the outstanding balance on Hunters mortgage after 10 years of making consistent, regular mortgage payments?

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