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OpenStudy (lyssahnicole):
Your mortgage is $135,400.00 at a 5.25% APR. If you pay 1,500.00 towards the mortgage each month, how much of your second month's payment is applied to the principle?
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OpenStudy (mathmale):
Calculate the first month's interest ans subtract that from the monthly payment. The remainder is the amount applie3d to principal (not principle).
OpenStudy (lyssahnicole):
Thank you so much!
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