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Suppose you bought a new home for $240,000 using a 30-year mortgage with monthly payments of $1,454.387. The annual interest rate of the mortgage



Suppose you bought a new home for $240,000 using a 30-year mortgage with monthly payments of $1,454.387. The annual interest rate of the mortgage is 6.1%. After the first 2 years (24 monthly payments), approximately how much money have you paid in interest and how much in principal?

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