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Find the monthly payment needed to amortize a typical $200,000 mortgage loan amortized over 30 years at an annual interest rate of 3.1% compounded monthly.

Find the monthly payment needed to amortize a typical $200,000 mortgage loan amortized over 30 years at an annual interest rate of 3.1% compounded monthly. (Round your answers to the nearest cent.)

Find the total interest paid on the loan.

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