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The begin balance of a mortgage is $245,000. The homeowner has been paid $30,000 mortgage payment...

The begin balance of a mortgage is $245,000. The homeowner has been paid $30,000 mortgage payment during the year. 60% of the $30,000 was the interest portion. How much was his principal paid during the year?

a 147000

b 18000

c 98000

d 12000

0 0
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Answer #1

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