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Suppose you bought a condo and took out a 30-year, $110,000 amortized loan at a nominal rate of 6% with end-of-month payments. How much interest

Suppose you bought a condo and took out a 30-year, $110,000 amortized loan at a nominal rate of 6% with end-of-month payments. How much interest would you pay the 2nd month?

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$552.90

$549.45

$609.84

$610.50

$527.04

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