Question: oby's monthly payment is $ 7 8 0 . 8 9 per month. The principal is $ 8 0 , 0 0 0 at a

oby's monthly payment is $780.89 per month. The principal is $80,000 at a rate of 11.5% for 35 years. The principal reduction after the first ortgage payment is $14.93.
True or False
oby's monthly payment is $ 7 8 0 . 8 9 per month.

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