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Olivia recently purchased a new home and financed $275,000 at 4.00 percent over 30 years. How much is Olivia's monthly payment? How much interest will

Olivia recently purchased a new home and financed $275,000 at 4.00 percent over 30 years.

How much is Olivia's monthly payment?

How much interest will she pay over years 15-20 of the loan?

What is the loan balance after 25 years?

What is the effective rate on the loan?

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