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Laura and Martin obtain a 3 0 - year, $ 1 0 0 , 0 0 0 conventional mortgage at 1 0 . 5 %
Laura and Martin obtain a year, $ conventional mortgage at on a house selling for $ Their monthly mortgage payment, including principal and interest, is $
a Determine the total amount they will pay for their house.
b How much of the cost will be interest?
c How much of the first payment on the mortgage is applied to the principal?
a The total amount that Laura and Martin will pay for their house is $
Round to the nearest dollar as needed.
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