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You purchase a condominium for $125,000. The bank requires a 20% down payment. You borrow the remainder as a 30 -year, 5.4% mortgage with monthly

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You purchase a condominium for $125,000. The bank requires a 20% down payment. You borrow the remainder as a 30 -year, 5.4% mortgage with monthly payments. What portion of the payments during the first 25 months goes toward principal? 20.17% 22.78% 21.25% 20.98% 22.41%

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