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A new homeowner purchased a property and took out a $ 1 5 0 , 0 0 0 , 3 0 - year mortgage, at

A new homeowner purchased a property and took out a $

150, 000, 30 -

year mortgage, at a

4 %

interest rate. The first monthly payment for principal and interest is $

717 .

What are you able to calculate from this information?

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