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#9 A couple has just purchased a home for $313,800.00. They will pay 20% down in cash, and finance the remaining balance. The mortgage broker

#9 A couple has just purchased a home for $313,800.00. They will pay 20% down in cash, and finance the remaining balance. The mortgage broker has gotten them a mortgage rate of 5.16% APR with monthly compounding. The mortgage has a term of 30 years. How much interest is paid on the first payment? Submit Answer format: Currency: Round to: 2 decimal places

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