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5. The Rechtien family buys a house for $140, 000 with a down payment of $30, 000. The family takes out a 30-year, $110,000 mortgage

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5. The Rechtien family buys a house for $140, 000 with a down payment of $30, 000. The family takes out a 30-year, $110,000 mortgage at an annual interest rate of 6.6% compounded monthly. (A) Find the amount of the monthly payment needed to amortize this loan. (B) Find the total amount of interest paid when the loan is amortized over 30 years. (C) Find the part of the first payment that is interest and the part that is applied to reducing the debt

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