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You borrow $420,000 to buy a home. The loan has a 30-year term and the rate is 3.75 percent. How much of your second month's
You borrow $420,000 to buy a home. The loan has a 30-year term and the rate is 3.75 percent. How much of your second month's payment goes toward interest?
$1,312.50
$1,314.83
$1,310.52
$1,307.44
$1,316.91
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