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On a 15-year, $200K mortgage at 4% APR, how much interest will you pay in ONLY the second year if you make the regular monthly

On a 15-year, $200K mortgage at 4% APR, how much interest will you pay in ONLY the second year if you make the regular monthly payments?

Multiple Choice

  • $8,366

  • $17,170

  • $1,497

  • $680

  • $9,083

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