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Congratulations, you just bought your first condo. US Bank offers you a 15 year mortgage with monthly payments. The terms of the mortgage loan require

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Congratulations, you just bought your first condo. US Bank offers you a 15 year mortgage with monthly payments. The terms of the mortgage loan require you to pay $489.44 per month at 6% interest per annum. If you hold condo for 15 years and pay off the entire loan, how much are total payments and total interest will US Bank have earned on your mortgage

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