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    Exam 4: Fixed Interest Rate Mortgage Loans
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    What Is the Principal Portion of the 222 Payments of a Fully
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What Is the Principal Portion of the 222 Payments of a Fully

Question 6

Question 6

Multiple Choice

What is the principal portion of the 222 payments of a fully amortizing $250,000,30-year fixed rate loan with an interest rate of 4.825%?


A) $562.38
B) $565.29
C) $753.07
D) $1,315.44

Correct Answer:

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