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You just acquired a home mortgage for 2 years in the amount of $180,000 at 24 percent interest, compounded monthly. How much of the first
You just acquired a home mortgage for 2 years in the amount of $180,000 at 24 percent interest, compounded monthly. How much of the first payment will go toward the repayment of principal if the loan is repaid in equal monthly payments? Select one: O A. $5,917 O B. $5,129 o C. $6,374 O D. $5,486 o E. $4,835
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