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If a mortgage has monthly payments of $1,240, a life of 30 years, and a rate of 4.5 percent per year, what is the mortgage

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If a mortgage has monthly payments of $1,240, a life of 30 years, and a rate of 4.5 percent per year, what is the mortgage amount? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Mortgage amount

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