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How much will be paid to principal in month

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Question - The Brown family recently bought a house. The house has a 30-year, $165,000 mortgage with a nominal interest rate of 8 per cent. Payments are made at the end of each month. How much will be paid to principal in month 37?

a. $140.63

b. $62.94

c. $226.29

d. $37.56

Reference no: EM133052559

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