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Mathematics, 06.01.2021 20:10 jmitial

8. If a mortgage of $125,000 has a yearly interest rate of 3.25% applied monthly and is being paid off using monthly payments of $1,500, how much of the first payment goes towards reducing the amount owed on the mortgage? (1) $338.54 (3) $838.31 (2) $596.88 (4) $1,161.46

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