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Karen will borrow $1,000,000 to finance the purchase of a new home. She is considering a 30-year loan with monthly payments. The interest rate on

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Karen will borrow $1,000,000 to finance the purchase of a new home. She is considering a 30-year loan with monthly payments. The interest rate on the loan is 12.0%. Question 22 (1 point) Saved What is the monthly payment for the 30-year loan? $10,286 $13,902 $16,823 $11,725 $19.373 Question 23 (1 point) For the 30-year loan, the interest portion of the third payment will be $12,497 $5,027 $9,994 $1,497 $5,000 $2,500 stion 24 (1 point) Question 24 (1 point) For the 30-year loan, the total interest paid over the life of the loan will be $1,000,000 $3,314,160 $3,703,005 $1,514,592 $2,703,005 $3,000,000

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