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Find the monthly payment needed to amortize a typical $160,000 mortgage loan amortized over 30 years at an annual interest rate of 8.9% compounded

Find the monthly payment needed to amortize a typical $160,000 mortgage loan amortized over 30 years at an annual interest rate of 8.9% compounded monthly. (Round your answers to the nearest cent.) $ Find the total interest paid on the loan.

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