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You   just   borrowed   $200,000   to   buy   a   house   amortized   over   a   period   of   25   years. &nb

You   just   borrowed   $200,000   to   buy   a   house   amortized   over   a   period   of   25   years.   You  
signed   a   5-year   mortgage   deal   with   your   bank   at   a   rate   of   0.75%   effective   monthly   rate.  
Your   monthly   payment   comes   out   to   $1,678.39.   How   much   of   your   20th payment   will  
go   towards   payment   of   interest?  
a) $1,427.25
b) $1,470.28
c) $1,471.25
d) $1,472.79
e) $1,473.67

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