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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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