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How many payments is going towards the loan

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An individual borrowed one hundred 120,000 at a APR of 4% which will be paid off with monthly payments of 573 for 30 years

Problem 1: How many payments is going towards the loan and the total amount paid is what?

Problem 2: What is the percentage paid towards the principal and the percentage paid for the interest?

Reference no: EM132807828

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