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show calculator notation. 6. With a graduated payment mortgage, your initial payments are too low to amortize your loan at the standard rate. If a

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6. With a graduated payment mortgage, your initial payments are too low to amortize your loan at the standard rate. If a 125,000 mortgage with a 9% interest rate is chosen, and the first year payment is $750/ mo., what will the balance be after the first year? How much will you have paid into interest in the first year

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