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Isaac's monthly payment is $1,857.94 per month. The principal is $180,000 at a rate of 11% for 20 years. The principal reduction after the first

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Isaac's monthly payment is $1,857.94 per month. The principal is $180,000 at a rate of 11% for 20 years. The principal reduction after the first mortgage payment is $207.94. True or False

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