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Posted on Jul 14, 2024

1) The monthly mortgage payment on a 30-year mortgage with an interest rate of 2.75% is $590. What is the amount borrowed under the mortgage?

2) An investor invests $1000 at the end of each year over a 35-year period. The return on the invested amount is 7%. How much will the investor have at the end of the 35-year period?

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