Answered

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Dagny Taggart has just purchased a home and taken out a $400,000 mortgage. The mortgage has a 30-year
term with monthly payments and has an Annual Percentage Rate (APR) of 5.4%.
What is the total amount of interest that Dagny will pay during the first month of her mortgage? What is
the total amount of principal paid during the first month?

Sagot :

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