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    lWhereiscool50 Posts: 1, Reputation: 1
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    Apr 2, 2011, 06:02 AM
    Finance Question
    You purchased a home and taken out a 510,000 mortgage.The Mortgage has a 30th year term with monthly payment an APR of 5.28%.How much will you pay in interest and in principal during the first year.

    Ans. Interest 26,756
    Principal 7,153

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