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our parents obtained a 30-year mortgage in the amount of $474000 at an APR of 8.4%. Round all answers to the nearest penny and do

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our parents obtained a 30-year mortgage in the amount of $474000 at an APR of 8.4%. Round all answers to the nearest penny and do not include Mes in your answer. 1. Your parents' monthly loan payment would be $ 2. The outstanding balance on the mortgage after the first payment is

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