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Problem 15 Intro You just took out a 15-year traditional fixed-rate mortgage for $600,000 to buy a house. The interest rate is 2.4% (APR) and

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Problem 15 Intro You just took out a 15-year traditional fixed-rate mortgage for $600,000 to buy a house. The interest rate is 2.4% (APR) and you have to make payments monthly. Part 3 IB Attempt 1/10 for 10 pts. What is the outstanding balance after 1 year if you have made all 12 payments on time? No decimals Submit Part 4 - Attempt 1/10 for 10 pts. How much of your 13th monthly payment goes towards paying down the outstanding balance (in $)? No decimals Submit

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