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You take out a mortgage in the amount of $300,000 at 4.2% interest rate. Payments are to be made at the end of each month
You take out a mortgage in the amount of $300,000 at 4.2% interest rate. Payments are to be made at the end of each month for thirty years. How much of the first loan payment is interest?
$1,050 | ||
$1,467 | ||
$12,600 | ||
$17,773 |
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