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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, 6.6% mortgage with monthly
You purchase a condominium for $125,000. The bank requires a 20% down payment. You borrow the remainder as a 30 -year, 6.6% mortgage with monthly payments. What portion of the payments during the first 33 months goes toward principal? 16.65% 15.59% 15.17% 14.74% 15.64%
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