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A family buys a home by taking out a 25-year fixed-rate mortgage of $140,000 at 4.2% interest. 8 What is their monthly payment? Round their
A family buys a home by taking out a 25-year fixed-rate mortgage of $140,000 at 4.2% interest. 8 What is their monthly payment? Round their answer up to the next whole dollar. How much will they pay over the course of 25 years? 869 With this payment, much interest will they pay over the life of the loan? E Complete the first three lines of this amortization table, using the payment you found above. Round each entry in the table to the nearest cent. Payment Number 1 Interest Payment Principal Payment Balance of Loan B 2 3
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