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Gark and Lana take a 30 -year home mortgage of 1125,000 at 7.9%, compounded monthly, They make their regular incothy payments for 5 years, then

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Gark and Lana take a 30 -year home mortgage of 1125,000 at 7.9%, compounded monthly, They make their regular incothy payments for 5 years, then eecide to poy $1100 per month. (b) Find their regular menthiy payment. (Round your answer to the nebrest cent) 3 (b) fins the uripald bslance when they begin paying the st too. (Whound your anwer to the nearest cernh) 5 (c) How many payments of $1160 aill it take to pay off the loan? Give the answer coerect to the decimat pisces. mantily paytients (d) Use your answer to part (c) to find how moch interest they save by payng the losen this way. (Round your answer to the neatest cent.) s)

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