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You just took out a 15-year traditional fixed-rate mortgage for $300,000 to buy a house. The interest rate is 9.6% (APR) and you have to
You just took out a 15-year traditional fixed-rate mortgage for $300,000 to buy a house. The interest rate is 9.6% (APR) and you have to make payments monthly. Part 1 What is your monthly payment? 0+ decimals Submit Part 2 How much of your first monthly payment goes towards paying down the outstanding balance (in $)? 0+ decimals Submit Attempt 2/10 for 9 pts. 0+ decimals Part 3 How much of your 13th monthly payment goes towards paying down the outstanding balance (in $)? 7 Attempt 1/10 for 10 pts. Attempt 1/10 for 10 pts.
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