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Sandy recently purchased her first home for $220,000. She made a down payment of $20,000, and financed the balance over 15 years, at 6% interest.
Sandy recently purchased her first home for $220,000. She made a down payment of $20,000, and financed the balance over 15 years, at 6% interest. If Sandy's first payment is due on October 1 of this year, approximately how much of this year's payments will be applied to the outstanding principal? Group of answer choices $2,073.47. $2,989.67. $3,288.63. $5,885.09.
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