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(1 point) Fifteen years ago a couple purchased a house for $160,000.00 by paying a 20% down payment and financing the remaining balance with a

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(1 point) Fifteen years ago a couple purchased a house for $160,000.00 by paying a 20% down payment and financing the remaining balance with a 30- year mortgage at 7.38% compounded monthly. (a) Find the monthly payment for this loan. Monthly Payment: (b) Find the balance of the loan after 13 years and after 14 years? (Note: Your answer should include a dollar sign and be accurate to two decimal places) After 13 years After 14 years 156 168 n= Loan Balance: Loan Balance: Note: The balance amounts should include a dollar sign and be accurate to two decimal places and n represents the number of payments left on the loan.) (c) Find the total amount of interest paid by the couple during the 14th year. nterest Paid During 14th year: (Note: Your answer should include a dollar sign and be accurate to two decimal places)

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