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You have just purchased a horne and taken out a $580,000 mortgage. The mortgage has a 30 -year term with monthly payments and an APR

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You have just purchased a horne and taken out a $580,000 mortgage. The mortgage has a 30 -year term with monthly payments and an APR of 6.48%. a. How much will you pay in interest, and how much will you pary in principal, during the first year? b. How much will you pay in interest, and how much will you pay in principal, during the 20 th year (l.e., between 19 and 20 years from now)? a. How much will you pay in interest, and how much will you pay in principal, during the first year? The principal payment will bes (Round to the nearest cent.)

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