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For the Loan Described, Calculate the Monthly Payment and the Portions

Question 33

Essay

For the loan described, calculate the monthly payment and the portions of the payments that go to principal and tointerest during the first 3 months. Use a table.
-Calculate the monthly payment and the portions of the payments that go to the principal
and to interest during the first 3 months for a home mortgage of $124,233 with a fixed APR
of 8.0% for 30 years.

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