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 24 months' total payments go toward interest?

Group of answer choices

a) 59 percent

b) 71 percent

c) 73 percent

d) 77 percent

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