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Maryanne purchases a house for $380,000 and takes a mortgage for the full amount. Her mortgage charges 3% per year and interest is compounded monthly.

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Maryanne purchases a house for $380,000 and takes a mortgage for the full amount. Her mortgage charges 3% per year and interest is compounded monthly. She will repay the loan over 30 years with equal monthly payments. a) What is her monthly payment amount? b) How much of the 6th payment would be applied toward interest? c) How much of the 6th payment would be applied toward principal

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