Intro You just took out a 15-year traditional fixed-rate mortgage for $600,000 to buy a...
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Intro You just took out a 15-year traditional fixed-rate mortgage for $600,000 to buy a house. The interest rate is 8.4% (APR) and you have to make payments monthly. Part 1 Attempt 1/1 What is your monthly payment? Part 2 Attempt 1/1 How much of your first monthly payment goes towards paying down the outstanding balance (in S)
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