Question: *FRM. (Term=30 years, Note Rate = 4.75%, Loan Amount = 800,000, Points=2) For the 27th payment, how much will be applied to principal? please write

*FRM. (Term=30 years, Note Rate = 4.75%, Loan Amount = 800,000, Points=2) For the 27th payment, how much will be applied to principal?

please write out how the solution was found

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