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Mr. Smith is purchasing a $100000 house. The down payment is 20% of the price of the house. He is given the choice of two

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Mr. Smith is purchasing a $100000 house. The down payment is 20% of the price of the house. He is given the choice of two mortgages: a 30-year mortgage at a rate of 9%. Find: The monthly payment: $ The total amount of interest paid: $ a 15-year mortgage at a rate of 9%. Find: The monthly payment: $ The total amount of interest paid: $

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