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Original Terms of Loan: 30-year loan of $127,800 at an interest rate of 6 ...

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Finance

Original Terms of Loan: 30-year loan of $127,800 at an interest rate of 6 %.

What is the monthly payment for the loan?

How much total interest do you pay over the life of the loan?

On payment #1 how much goes towards principal?

On payment #1 how much goes towards interest?

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