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You took a traditional 30-year $1/2 million mortgage at 2.75% rate. At midpoint, what percent of the monthly payment is used to reduce the principal?
You took a traditional 30-year $1/2 million mortgage at 2.75% rate. At midpoint, what percent of the monthly payment is used to reduce the principal?
- A. 65
- B. 66
- C. 68
- D. 67
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Bond Markets Analysis And Strategies
Authors: Frank J.Fabozzi
7th Edition
0136078974, 978-0136078975
