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1. What would be the monthly payment for a $180,000 thirty-year mortgage if the interest rate is 5%? 2. What is the total amount you
1. What would be the monthly payment for a $180,000 thirty-year mortgage if the interest rate is 5%?
2. What is the total amount you would pay on this mortgage over the entire 360 months of the thirty years?
3. What is the amount of the difference between the mortgage amount ($180,000) and the total amount you paid? What did you pay with this difference?
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