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Title: A homeowner just obtained a25-year amortized mortgage loan for $120,000 at a nominal annual rate ... Post by: momoluv25 on Jul 30, 2023 A homeowner just obtained a25-year amortized mortgage loan for $120,000 at a nominal annual rate of7%, with 360 end-of-month payments. What percentage of the total payments made during the first 3 months will go toward payment of interest? ▸ 79.25% ▸ 80.62% ▸ 81.90% ▸ 82.43% Title: Re: A homeowner just obtained a25-year amortized mortgage loan for $120,000 at a nominal annual rate ... Post by: alpha987 on Jul 30, 2023 Content hidden
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