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Joe took a traditional 30-year $1/2 million mortgage at 2.75% rate. At midpoint, what percent of the monthly payment is used to reduce the principal?
Joe took a traditional 30-year $1/2 million mortgage at 2.75% rate. At midpoint, what percent of the monthly payment is used to reduce the principal?
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In a traditional 30year mortgage the midpoint occur...
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Essentials Of Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
7th Edition
0073382469, 978-0073382463
