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You have just entered a 30-year mortgage with a simple annual interest rate of 8.504% compounded monthly. The monthly principle and interest payment is $1,000.

You have just entered a 30-year mortgage with a simple annual interest rate of 8.504% compounded monthly. The monthly principle and interest payment is $1,000. Part 1 - What is the Present Value (PV) of the loan? Part 2 - What percentage of your total payments over the first three years goes toward the repayment of principal

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