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Suppose you have taken out a $200,000 fully-amortizing fixed rate mortgage loan that has a term of 15 years and an interest rate of 4.25%.

Suppose you have taken out a $200,000 fully-amortizing fixed rate mortgage loan that has a term of 15 years and an interest rate of 4.25%. At exactly the half-way point of the mortgage, how much of the monthly mortgage payment does the principal repayment portion consist of?

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$1,094.52

$796.22

$799.04

$984.38

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