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Find the monthly payment needed to amortize a typical $150,000 mortgage loan amortized over 30 years at an annual interest rate of 4.9% compounded monthly.

Find the monthly payment needed to amortize a typical $150,000 mortgage loan amortized over 30 years at an annual interest rate of 4.9% compounded monthly. (Round your answers to the nearest cent.) And what's the total interest rate paid on the loan?

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