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Suppose you bought a new home for $260,000 using a 27-year mortgage with semiannual payments of $9,685.010. The annual interest rate of the mortgage is

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Suppose you bought a new home for $260,000 using a 27-year mortgage with semiannual payments of $9,685.010. The annual interest rate of the mortgage is 5.90%. Right after the first 6 years (21 years left), approximately how much money have you paid in interest and how much in principal? Interest: $28,515.98; Principal: $9,685.01 Interest: $116,220.11: Principal: $231.484.02 Interest: $87,704.14; Principal: $28,515.98 Interest: $630,108.83; Principal: $67,211.86

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