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You have a 30 year mortgage loan for$119,500 at an annual interest rate of 8.25%. For which monthly payment does the amount of principal paid first exceed the amount of interest paid?
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You have a 30 year mortgage loan for$119,500 at an annual interest rate of 8.25%. For which monthly payment does the amount of principal paid first exceed the amount of interest paid?

User Gavinb
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4 votes

the answer is $907 and i hope this helps

User Kavun
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