You take out a $300,000 20-year mortgage loan with an APR of 6% paid monthly....
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Accounting
You take out a $300,000 20-year mortgage loan with an APR of 6% paid monthly. Out of your 36th month's mortgage payment, what is the amount that corresponds to "interest" payment, and what is the amount that corresponds to "principal" payment applied to reduce the mortgage loan balance? O $1227.49: $1304.08 $1135.66: $844.20 $1376.16: $773.13 O $1007.76: $1364.62
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