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1)When you purchased your house, you took out a 30-year mortgage with an interest rate of 4.8% per year. The monthly payment on the mortgage
1)When you purchased your house, you took out a 30-year mortgage with an interest rate of 4.8% per year. The monthly payment on the mortgage $1,500. What is the payoff amount if you have lived in the house for 21 years? (Round to the nearest dollar)
2)You just purchased a car for $33539 and the auto loan is 60-month fixed rate loan with interest rate of 2.4% per year. What is your monthly payment? (Round to the nearest dollar)
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