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Find the monthly payment needed to amortize a typical $250,000 mortgage loan amortized over 30 years at an annual interest rate of 7.7% compounded monthly.
Find the monthly payment needed to amortize a typical $250,000 mortgage loan amortized over 30 years at an annual interest rate of 7.7% compounded monthly. (Round your answers to the nearest cent.) $ Find the total interest paid on the loan. $
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