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Consider a home mortgage of 200000 at a fixed apr of 12 for

Consider a home mortgage of $200,000 at a fixed APR of 12% for 20 years.

Calculate the monthly payment.

Determine that amount paid over the term of the loan.

Of the total amount paid, what percentage is paid toward the principal and what percentage is paid for interest.

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Operation Management: Consider a home mortgage of 200000 at a fixed apr of 12 for

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