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You are buying your first house, and are going to use a 15 year $300,000 mortgage loan at a 4.2% interest rate to help you
You are buying your first house, and are going to use a 15 year $300,000 mortgage loan at a 4.2% interest rate to help you finance the purchase.
A. Assuming payments will be made monthly, beginning one month from now, how much will your monthly mortgage payment be?
B. What is the dollar amount of interest that would be included in the first payment?
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