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(4 points) Cynthia is buying a new apartment. She can afford a mortgage payment of $1150 a month, and a down payment of $12000.
(4 points) Cynthia is buying a new apartment. She can afford a mortgage payment of $1150 a month, and a down payment of $12000. She obtained a 22-year loan at 6.4% compounded monthly. Use Excel to determine what the most expensive apartment she can buy under these terms. How much will Cynthia pay in interest over the $ years? Express your answer rounded to the nearest cent! Apartment price = $ Interest paid $ =
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