A 30-year, $215,000 mortgage has a rate of 5.05 percent. a. What are the interest...
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Accounting
A 30-year, $215,000 mortgage has a rate of 5.05 percent.
a. What are the interest and principal portions in the first payment? (Do not round intermediate calculations. Round your answers to 2 decimal places.)
b. What are the interest and principal portions in the second payment? (Do not round intermediate calculations. Round your answers to 2 decimal places.)
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