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Intro You just took out a 15-year traditional fixed-rate mortgage for $300,000 to buy a house. The interest rate is 12% (APR) and you have

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Intro You just took out a 15-year traditional fixed-rate mortgage for $300,000 to buy a house. The interest rate is 12% (APR) and you have to make payments monthly. Part 1 Attempt 2/10 for 9pts. What is your monthly payment? How much of your first monthly payment goes towards paying down the outstanding balance (in \$)? Part 3 -1. Attempt 1/10 for 10 pt How much of your 13th monthly payment goes towards paying down the outstanding balance (in \$)

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