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A $290,500 mortgage for 25 years for a new home is obtained at the rate of 8.9% compounded monthly. Find (a) the monthlypayment, (b) the

A $290,500 mortgage for 25 years for a new home is obtained at the rate of 8.9% compounded monthly. Find(a) the monthlypayment, (b) the interest in the first payment, (c) the principal repaid in the firstpayment, and(d) the finance charge.

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