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What is the amount of interest to be paid in the first month of a 30-year, 6.5%, $100,000 conventional fixed-rate mortgage? A. $632 B. $542

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What is the amount of interest to be paid in the first month of a 30-year, 6.5%, $100,000 conventional fixed-rate mortgage? A. $632 B. $542 C. $500 D. $231 E. $90

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