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Find principal of the loan

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Reference no: EM133070788

You borrow $350,000 at 8% interest. You will repay the loan with equal monthly payments over 27 years. How much is each monthly payment?

Refer to the loan in the previous question. How much (what dollar amount) of the second monthly payment goes toward the principal of the loan (as opposed to towards interest)?

Reference no: EM133070788

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