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Mr. Green wishes to purchase a house that costs $500,000 .His bank requires a 20 percent down payment and will lend him the remainder, at
Mr. Green wishes to purchase a house that costs$500,000.His bank requires a20 percent down paymentand will lend him the remainder, at an annual rate of6 percent, to be paid back over a25-year periodinmonthly installments.Mr. Green's monthly mortgage payments are$2,577.21.How much of Mr. Green's2ndmortgage paymentwill go toward payinginterest?
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