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TRUE OR FALSE? Assume you have a 30 year mortgage with 360 total monthly payments, 6% interest rate, in the amount of $100,000. When dealing

TRUE OR FALSE?

Assume you have a 30 year mortgage with 360 total monthly payments, 6% interest rate, in the amount of $100,000. When dealing with amortization, half way through paying on the mortgage (15 years or at the 180th payment) you will owe $50,000 exactly on the principle amount of the loan.

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