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A family needs to take out a 15-year home mortgage loan of $110,000 through a local bank. Annual interest rates for 15-year mortgages at the

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A family needs to take out a 15-year home mortgage loan of $110,000 through a local bank. Annual interest rates for 15-year mortgages at the bank are 5.4% compounded monthly. (a) Compute the family's monthly mortgage payment under this loan. (b) How much interest will the family pay over the life of the loan

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