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OFA.26 DETAILS MY NOTES 5. (-/3 Points] AUFEXCE3 11.5.014. ASK YOUR TEACHER Richard Macho purchased a condominium and obtained a 25-year loan of $195,000 at

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OFA.26 DETAILS MY NOTES 5. (-/3 Points] AUFEXCE3 11.5.014. ASK YOUR TEACHER Richard Macho purchased a condominium and obtained a 25-year loan of $195,000 at an annual interest rate of 8.45%. (Round your answers to the nearest cent.) (a) What is the mortgage payment? (b) What is the total of the payments over the life of the loan? Find the amount of interest paid on the mortgage loan over the 25 years. $

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