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( a ) Using the house price you found in part 4 , calculate the monthly mortgage payments based on a 3 0 - year

(a) Using the house price you found in part 4, calculate the monthly mortgage payments based on a 30-year mortgage, 7% interest rate, and 5% down payment. Round your answer to the nearest dollar. (Hint: If you're using a calculator other than Desmos and the formulas we've been using in class, make sure you set the taxes/fees, and any other extra information to 0 before answering.)
(b) How much interest will you pay at the end of this mortgage? Round your answer to the nearest dollar.
(c) Repeating the process from (a), find the monthly mortgage payments based on a 15-year mortgage instead. Round your answer to the nearest dollar.
(d) How much interest will you pay at the end of this mortgage? Round your answer to the nearest dollar.
(e) How much money do you save on interest by taking out a 15-year loan instead of a 30-year loan. Round your answer to the nearest dollar.
$
(Note: If you cannot afford a 15-year loan, you can always make extra payments of any amount to pay down your principal and save on interest over the life of the loan. A small amount of principal early on in a 30-year loan can save thousands of dollars over the life of the loan.)
The house price is $442,500
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