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5. (6 points) Give your answers to the nearest cent. A. You borrow $550,000 from a bank to buy a house, at a rate of

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5. (6 points) Give your answers to the nearest cent. A. You borrow $550,000 from a bank to buy a house, at a rate of 6.25%, for 30 years. How much will your monthly payment be? (Assume interest is compounded monthly). B. In part A, how much total interest will you have paid at the end of 30 years

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