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You decide to borrow $22,000 to put in a new swimming pool. You obtain a loan for 30 years, making equal monthly payments. After how
You decide to borrow $22,000 to put in a new swimming pool. You obtain a loan for 30 years, making equal monthly payments. After how many years will the greatest amount of your payment be going toward principal? - 25 years - 1 year - 29 years - 5 years
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