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What is the principal portion of the first required monthly payment on a 15-year, 7%, $200,000 conventional fixed-rate mortgage? A. $0 B. $1,798 C. $1,167
What is the principal portion of the first required monthly payment on a 15-year, 7%, $200,000 conventional fixed-rate mortgage?
- A. $0
- B. $1,798
- C. $1,167
- D. $1,111
- E. $631
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