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Phil has a 15-year mortgage of $100,000 from his bank. The mortgage calls for equal monthly repayments and carries an APR of 9%. Right after

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Phil has a 15-year mortgage of $100,000 from his bank. The mortgage calls for equal monthly repayments and carries an APR of 9%. Right after Phil makes his first repayment, how much in principal does Phil still owe the bank? OA) $99,156 B) $99,656 C) $99,736 D) $98,986

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