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Calculate the monthly payments of a 30-year fixed-rate mortgage at 7.25 percent for $181,300. How much interest is paid over the life of the loan?

Calculate the monthly payments of a 30-year fixed-rate mortgage at 7.25 percent for $181,300.

How much interest is paid over the life of the loan?

The monthly payments of a 30-year fixed-rate mortgage at 7.25% for $181,300 is $ enter your response here. (Round to the nearest cent.)

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