Russell obtains a 30-year, $106,650 mortgage at 3.5% on a house selling for $122,000. His...
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Russell obtains a 30-year, $106,650 mortgage at 3.5% on a house selling for $122,000. His monthly payment, including principal and interest is $478.91. How much of the first payment on the mortgage is applied to the principal? Amount applied to principal: $
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