Question: 6. Ann obtains a fully amortizing 30 year Fixed Rate Mortgage with monthly payments for $1,250,000 at 4.38%. What fraction of Ann's 40th payment goes

6. Ann obtains a fully amortizing 30 year Fixed Rate Mortgage with monthly payments for $1,250,000 at 4.38%. What fraction of Ann's 40th payment goes to interest? Write your answer in percent, without the % sign.

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