Calling for payments semiannually

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Reference no: EM131997826

You've just taken on a 20?-year, ?$150,000 mortgage with a quoted interest rate of 6 percent calling for payments semiannually. How much of your first? year's loan payments? (the initial two? payments, with the first coming after 6 months have? passed, and the second one coming at the end of the first? year) goes toward paying interest?, rather than? principal?

Reference no: EM131997826

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