A 30-year, $235,000 mortgage has a rate of 7.1 percent. What are the interest and principal portions

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A 30-year, $235,000 mortgage has a rate of 7.1 percent. What are the interest and principal portions in the first payment? In the second?

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Fundamentals of Investments Valuation and Management

ISBN: 978-0077283292

5th edition

Authors: Bradford D. Jordan, Thomas W. Miller

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Question Posted: Sep 19, 2012 05:12 AM

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A 30-year, $235,000 mortgage has a rate of 7.1 percent. What are the interest and principal portions

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Payment 235000071121 11 07112 360 157828 The interest in the first mont...View the full answer

Fundamentals of Investments Valuation and Management

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