Consider a $100,000 30-year. 5.4% mortgage with monthly payments. What portion of the payments during...
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Consider a $100,000 30-year. 5.4% mortgage with monthly payments. What portion of the payments during the first 25 months goes toward principal? 22.41% 20.17% 22.78% 21.25% 20.98% Consider a $100,000 30-year, 6.9% mortgage with monthly payments. What portion of the payments during the first 31 months goes toward interest? 80.72% 86.15% 90.37% 82.91% 93.71% What is tile present value of a perpetuity that pays you annual, end-of-year payments of $550 every year? Use a nominal rate of 8.00%. $6, 875 $6.C18 $6, 326 $4, 825 $4, 327
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