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Chapter 3 College Mathematics: Learning Worksheets 7 Wake and Elizabeth are buying a $200,000 hours and putting 10% down. The bank is offering a 30-year

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Chapter 3 College Mathematics: Learning Worksheets 7 Wake and Elizabeth are buying a $200,000 hours and putting 10% down. The bank is offering a 30-year loan at 4.5% compounded monthly a) What is the loan amount? b) What will the monthly payment be? c) What is the (approximate) total amount of interest paid during the term of the loan

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