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3) Mr. Makan is considering buying a home for $130,000. He will make a down payment of $10,000 and take a mortgage for the rest

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3) Mr. Makan is considering buying a home for $130,000. He will make a down payment of $10,000 and take a mortgage for the rest of the money at 9% compounded monthly for 15 years. Compute the total amount of interest paid during the first 4 years

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