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& (10) 6. On December 31, 1990, & house was purchased with the buyer taking out a 30 year, 3112, 475 mortgage at 9% interest,
& (10) 6. On December 31, 1990, & house was purchased with the buyer taking out a 30 year, 3112, 475 mortgage at 9% interest, compounded monthly. The mortgage payments are made at the end of each month. (A) Calculate the amount of the monthly payment. (B) How much interest will be paid during the month of Jamary 20177 (C) How much of the principal will be paid off during the year 2016? (D) How much interest will be paid during the year 20167
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