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Jump to Page:[ 1 ] [ 2 ] [ 3 ] [ 4 ] [ 5 ] [ 6[ 7 ] Jump to Problem: [ 16 17 18 ] Problem 16. (1 point) A monthly payment on a 30-year, $220,000 loan at 3.5% annual interest compounded monthly is $987.90. How much of the first month's payment goes toward interest? O A. $673.75 O B. $705.83 O C. $641.67 O D. $866.25 Problem 17. (1 point)

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