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Bob borrowed $300,000 to purchase a new home 5 years ago. The loan was for 30 years at a nominal rate of 6% per year

Bob borrowed $300,000 to purchase a new home 5 years ago. The loan was for 30 years at a nominal rate of 6% per year compounded monthly. He has been making monthly payments on his home loan. a) What is Bobs monthly payment? b) Bob just made his 60th payment. How much money does he still owe the bank on his home loan? c) What part of Bobs next (61st) payment will go towards principal? d) Of the total payments Bob has made so far, what percentage was for interest?

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