Business, 08.01.2021 18:40 TamB01

Julie and Barry Spinos purchased a house for $96,400. They made a 25 percent down payment and financed the remaining amount at 5.50 percent for 30 years. Their monthly payment is $410.66. How much of the first monthly payment is used to reduce the principal?

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Julie and Barry Spinos purchased a house for $96,400. They made a 25 percent down payment and financ...

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