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A bank is offering a 20 year mortgage of $100 000, APR on the mortgage is 8.12%, the nominal interest rate is 7.5%. 1) Calculate

A bank is offering a 20 year mortgage of $100 000, APR on the mortgage is 8.12%, the nominal interest rate is 7.5%. 1) Calculate the monthly payments of the mortgage. 2) Calculate the total amount of fees and expenses of the mortgage. 3) Calculate the amortized fees and expenses of the mortgage

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