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Marisol took out a fully amortizing 30 year mortgage with the initial balance of $7981 and monthly payments. This mortgage has a fixed interest rate
Marisol took out a fully amortizing 30 year mortgage with the initial balance of $7981 and monthly payments. This
mortgage has a fixed interest rate at 3%. What percentage of her first payment is attributable to interest? (Write the
answer as a percent. So if your answer is 2.5%, it should be written as 2.5, not as 0.025)
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