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Mary purchased a condo in Laval for $800,000 5 years ago. At the time she was given 5-year fixed rate mortgage with an APR of

Mary purchased a condo in Laval for $800,000 5 years ago. At the time she was given 5-year fixed rate mortgage with an APR of 4%. she is renewing her mortgage today and rates have dropped to 1.2%. The amortization period of the mortgage is 30 years. What fraction of her 17th payment on the new mortgage will go towards reducing her debt?

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