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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 payments.
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?
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