Repayment from your monthly mortgage payment

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You are borrowing 200,000 on a 30 year, 12% apr, monthly payment mortgage loan. How much will be your principal repayment from your monthly mortgage payment at the end of the second month?

Reference no: EM131347740

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Repayment from your monthly mortgage payment : You are borrowing 200,000 on a 30 year, 12% apr, monthly payment mortgage loan. How much will be your principal repayment from your monthly mortgage payment at the end of the second month?
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