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Ephrem bought a home in Des Moines, lowa, for $335,000. He put down 15% and obtained a mortgage for 40 years at 5.5%. What is

Ephrem bought a home in Des Moines, lowa, for $335,000. He put down 15% and obtained a mortgage for 40 years at 5.5%. What is (A) Ephrem's monthly payment and (B) the total interest cost of the loan? Note: Round your answers to the nearest cent

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