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On February 1, you borrow $750,000 to buy a house. The mortgage rate is 723% compounded semi-annually. The loan is to be repaid in equal

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On February 1, you borrow $750,000 to buy a house. The mortgage rate is 723% compounded semi-annually. The loan is to be repaid in equal monthly payments over 20 years. The first payment is due on March 1. How much of the third payment applies to the principal balance? (Assurne that each month is equal to 1/22 of a year.) Mutiple Choice 4,45215 4.44373 1.43518 1.41829

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