You take out a $250,000 20-year mortgage loan with an APR of 5% paid monthly....
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You take out a $250,000 20-year mortgage loan with an APR of 5% paid monthly. Out of your 24th months mortgage payment, what is the amount that corresponds to interest payment, and what is the amount that corresponds to "principal" payment applied to reduce the mortgage loan balance? Group of answer choices $910.39; $739.50 $832.79; $817.10 $946.39; $703.50 $980.63; $669.26
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