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For a $450 000 mortgage at j2 = 4.4% amortized over 25 years, determine: (Do not round intermediate calculations. Round your answers to 2 decimal
For a $450 000 mortgage at j2 = 4.4% amortized over 25 years, determine: (Do not round intermediate calculations. Round your answers to 2 decimal places.)
a. the level monthly payment required
b. the outstanding balance just after the 48th payment
c. the total interest paid in the first 48 payments
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