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You have just purchased a home and taken out a $ 4 2 0 comma 0 0 0 mortgage. The mortgage has a 3 0
You have just purchased a home and taken out a $ comma mortgage. The mortgage has a year term with monthly payments and an APR of
a How much will you pay in interest, and how much will you pay in principal, during the st year
b How much will you pay in interest, and how much will you pay in principal, during the h yearie between and years from now
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Part
a How much will you pay in interest, and how much will you pay in principal, during the st year
The principal payment during the st year will be $
enter your response here. Round to the nearest cent.
Part
The interest payment during the st year will be $
enter your response here. Round to the nearest cent.
Part
b How much will you pay in interest, and how much will you pay in principal, during the th yearie between and years from now
The principal payment during the th year will be $
enter your response here. Round to the nearest cent.
Part
The interest payment during the th year will be $
enter your response here. Round to the nearest cent.
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