Question:
You decide to borrow $26,000 to put in a new swimming pool.
Last updated: 7/21/2022
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You decide to borrow $26,000 to put in a new swimming pool. You obtain a loan for 20 years, making equal monthly payments. After how many years will the greatest amount of your payment be going toward principal? 5 years 19 years 15 years 1 year