question archive Let's say we have a 20 year mortgage with an original loan balance of $150,000 at 5% interest rate per year

Let's say we have a 20 year mortgage with an original loan balance of $150,000 at 5% interest rate per year

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Let's say we have a 20 year mortgage with an original loan balance of $150,000 at 5% interest rate per year. How much interest do we pay in the 7th year of the loan? (Paid monthly).

 

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