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Settings Assume a 30-year $200,000 mortgage loan with an APR of 7%. What is the amount of interest and principal, respectively applied from the first
Settings Assume a 30-year $200,000 mortgage loan with an APR of 7%. What is the amount of interest and principal, respectively applied from the first annual fixed payment? Response recorded (A) $7,000.00; $133.33 (B) $133.33; $7,000.00 (C) $14,000.00; $2,1128 (D) $2,117.28; $14,000.00
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