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You took out a 15-year fixed-rate mortage to borrow $500,000 at an interest rate of 10.8% (APR) to buy a house. What is your monthly
You took out a 15-year fixed-rate mortage to borrow $500,000 at an interest rate of 10.8% (APR) to buy a house.
What is your monthly mortgage payment?
How much do you owe on your mortgage just after you made your 120th payment?
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