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In order to answer this question, remember you purchased a home for $253,600.00 with a mortgage rate of 3.75% APR. If you pay $1,500.00 toward the first month's payment, how much is applied toward the principal?

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1. In order to answer this question, remember you purchased a home for $253,600.00 with a mortgage rate of 3.75% APR. If you pay $1,500.00 toward the first month's payment, how much is applied toward the principal?





 
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