How much of second payment was for interest payment

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Reference no: EM131952832

At the beginning of year 2017, a mortgage had a $100,000 principal, a fixed interest rate of 12 percent per annum (paid monthly), and is fully amortized till its maturity. In both January and February, there were monthly payments of $1600. How much of the second payment was for interest payment (in dollars)?

Reference no: EM131952832

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