Dave takes out a 20-year, $65,000 mortgage with monthly payments beginning one month from now....
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Dave takes out a 20-year, $65,000 mortgage with monthly payments beginning one month from now. He makes regular payments until and including the first payment in which the principal portion exceeds the interest portion of the payment. You may assume 1(0) - 0.09. Determine the total interest Dave has paid on the mortgage after making the first payment in which the principal portion exceeds the interest portion of the payment. [6.a #17] O At least $60,750, but less than $61,000 At least $60.500, but less than $60,750 At least $60.250, but less than $60.500 At least $61,000, but less than $61,250 At least $60,000, but less than $60,250
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