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Question 13 5 pts You take out a standard, 30-year mortgage with fixed monthly payments to purchase your house. The mortgage is for $250,000, with
Question 13 5 pts You take out a standard, 30-year mortgage with fixed monthly payments to purchase your house. The mortgage is for $250,000, with a nominal annual rate of 4.6% (monthly compounding). Each month, you send in a check for $1,403.81, which is above the required payment, where the excess payment directly reduces the outstanding balance each month. What portion of your payments in months 13-24 go toward interest? O 70.11% 57.09% O 64.15% 66.07% 0 73.03%
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