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Julie and Barry Spinos purchased a house for $96400.They made a 25 percent down payment and finance the remaining amount at 5.50 percent for 30
Julie and Barry Spinos purchased a house for $96400.They made a 25 percent down payment and finance the remaining amount at 5.50 percent for 30 years.Their monthly payment is $410.66.How much of the first monthly payment is used to reduce the principal?
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