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Question 7 10 pts 1. Richard Webber purchased a building on January 1 by signing a 20-year fixed-rate 5675,000 mortgage with monthly payments of $5,355.

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Question 7 10 pts 1. Richard Webber purchased a building on January 1 by signing a 20-year fixed-rate 5675,000 mortgage with monthly payments of $5,355. The mortgage carries an interest rate of 4% per year. How much of the SECOND payment of $5.355 which is due on February 28, is interest and how much is principal? Interest Principal Edit View Insert Format Tools Table 12pt Paragraph B IVA T! > 5

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