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26 March, 06:48

Say that you are purchasing a house for 235,000 and have an excellent credit score. (4.75%) If you pay $1,678.93 at the end of the first month, how much is applied to the principle balance?

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  1. 26 March, 08:30
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    At 4.75% your monthly payment is $1,678.93 = $748.72 is applied to the principal balance of $235,000
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