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A simplified model of how mortgages work in the real world. When a borrower gets a mortgage, the lender provides an amount of money called the principal and the borrower commits to paying a fixed monthly amount that covers the interest on the principal and gradually pays the principal back.

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Mortgage-Calculator-Website

A simplified model of how mortgages work in the real world. When a borrower gets a mortgage, the lender provides an amount of money called the principal and the borrower commits to paying a fixed monthly amount that covers the interest on the principal and gradually pays the principal back.

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A simplified model of how mortgages work in the real world. When a borrower gets a mortgage, the lender provides an amount of money called the principal and the borrower commits to paying a fixed monthly amount that covers the interest on the principal and gradually pays the principal back.

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