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Find the monthly payment needed to amortize a typical $205,000 mortgage loan amortized over 30 years at an annual interest rate of 6.5% compounded monthly.

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Find the monthly payment needed to amortize a typical $205,000 mortgage loan amortized over 30 years at an annual interest rate of 6.5% compounded monthly. (Round your answers to the nearest cent.) $ Find the total interest paid on the loan. $ Additional Materials

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