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You just took out a 15 -year traditional fixed-rate mortgage for $400,000 to buy a house. The interest rate is 12% (APR) and you have

You just took out a 15 -year traditional fixed-rate mortgage for $400,000 to buy a house. The interest rate is 12% (APR) and you have to make payments monthly. How much of your 13th monthly payment goes towards paying down the outstanding balance (in $ )

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