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2. A loan is taken for a flat in the metropolis of Morgantown. The home is priced at $550,000 and the mortgage is for $400,000
2. A loan is taken for a flat in the metropolis of Morgantown. The home is priced at $550,000 and the mortgage is for $400,000 at 6% APR for 30 years and the payments are made monthly (a) What is the mortgage payment? (b) What is the interest on the 125th payment? (c) What is the principal on the 125th payment? (d) What is the total interest paid on the loan during the 30 years? (e) What is the remaining principal amount after the 125th payment is paid? (f) What is the total interest paid after the 125th payment is paid
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