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A 25 year home loan of $125000 at 7.25% compounded monthly is obtained. a. Find the monthly payments rounded up to the next cent. b.

A 25 year home loan of $125000 at 7.25% compounded monthly is obtained. a. Find the monthly payments rounded up to the next cent. b. State the total amount of interest paid on the loan assuming that it is kept for 25 years and all payments are the same.

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