Question: PLease answer and explain Consider a standard mortgage (360 months) with monthly payments and a nominal rate (monthly compounding) of 5.30%. What portion of the

PLease answer and explain Consider a standard mortgage (360 months) with

PLease answer and explain

Consider a standard mortgage (360 months) with monthly payments and a nominal rate (monthly compounding) of 5.30%. What portion of the payments during the first 25 months goes toward principal? 20.98% 21.59% 22.85% 23.52% 21.88%

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