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Suppose you borrowed $180,000 at a rate of 8 percent and must repay in 30 equal installments at the end of each of the next

Suppose you borrowed $180,000 at a rate of 8 percent and must repay in 30 equal installments at the end of each of the next 30 years. How much of the first payment goes to paying off the principal?

$1,589

$1,812

$2,498

$2,059

$2,972

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