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Sally is planning to borrow $240,000 on a 30-year, 3.99 percent, monthly payment, fully amortized term home loan. What fraction of the total payment made

Sally is planning to borrow $240,000 on a 30-year, 3.99 percent, monthly payment, fully amortized term home loan. What fraction of the total payment made in the entire second year represent repayment of the principal?

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