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You buy a house on October 1 with a price of $140,000 and receive a 30-year mortgage at an interest rate of 6.24%. You make
You buy a house on October 1 with a price of $140,000 and receive a 30-year mortgage at an interest rate of 6.24%. You make 360 payments of $862 at the end of each month. How much of the second payment (on November 30th) relates to interest expense? (Round all dollar amounts to the nearest penny)
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