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Question 16 5 pts If you took out a $550,000 mortgage loan to be repaid over 20 years at 3.00%, calculate the amount of principal

Question 16 5 pts If you took out a $550,000 mortgage loan to be repaid over 20 years at 3.00%, calculate the amount of principal reduction in the first year (assuming that you make payments annually). O $20,469 $4,427 $3,825 $25,840 $30,010

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