Question

You borrow $210,000 to purchase a home. The terms of the loan call for monthly payments...

You borrow $210,000 to purchase a home. The terms of the loan call for monthly payments over 30 years at a mortgage rate of 4.50 percent. What percentage of your first 36 months' total payments go toward interest?

A.

81 percent

B.

72 percent

C.

65 percent

D.

59 percent

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