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Marcel Thiessen purchased a home for $206,200 and obtained a 15-year, fixed-rate mortgage at 10% after...

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Finance

Marcel Thiessen purchased a home for $206,200 and obtained a15-year, fixed-rate mortgage at 10% after paying a down payment of10%. Of the first month's mortgage payment, how much is interestand how much is applied to the principal? (Round your answer to thenearest cent.)

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Monthly Loan Payment Loan Amount P 185580 206200 x 90 Monthly Interest Rate n 083333333 per month 10 12 Months Number of months n 180 Months 15 Years x    See Answer
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Marcel Thiessen purchased a home for $206,200 and obtained a15-year, fixed-rate mortgage at 10% after paying a down payment of10%. Of the first month's mortgage payment, how much is interestand how much is applied to the principal? (Round your answer to thenearest cent.)

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