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Question - The Brown family recently bought a house. The house has a 30-year, $165,000 mortgage with a nominal interest rate of 8 per cent. Payments are made at the end of each month. How much will be paid to principal in month 37?
a. $140.63
b. $62.94
c. $226.29
d. $37.56
What is rationale fiscuss with an example? Explain rationale for the inclusion as comprehensive income (as opposed to net income) of nondisclosure within notes.
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