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Jason is buying a home with a $150,000 mortgage using a 6 percent, 15-year loan. How much of the first month's payment will go towards
Jason is buying a home with a $150,000 mortgage using a 6 percent, 15-year loan. How much of the first month's payment will go towards interest?
a. $9,000 b. $900 c. $750 d. $515
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