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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 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 6% (APR) and you have to make payments monthly. Attempt 1/6 for 10 pts. Part 1 What is your monthly payment? Submit Attempt 1/6 for 10 pts. Part 2 How much of your first monthly payment goes towards paying down the outstanding balance (in $)? Submit Attempt 1/6 for 10 pts. Part 3 What is the outstanding balance after 1 year if you have made all 12 payments on time? Submit Attempt 1/6 for 10 pts. Part 4 How much of your 13th monthly payment goes towards paying down the outstanding balance (in $)?

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