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A$201,400 mortgage for 15 years for a new home is obtained at the rate of 9.1% compounded monthly. Find (a) the monthly payment, (b) the

A$201,400 mortgage for 15 years for a new home is obtained at the rate of 9.1% compounded monthly.

Find (a) the monthly payment, (b) the interest in the first payment, (c) the principal repaid in the first payment, and (d) the finance charge.

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