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please show all work and do not round up any figures, show all decimal places. A family has a $135,549, 25-year mortgage at 6.6% compounded
please show all work and do not round up any figures, show all decimal places.
A family has a $135,549, 25-year mortgage at 6.6% compounded monthly. (A) Find the monthly payment and the total interest paid. (B) Suppose the family decides to add an extra $100 to its mortgage payment each month starting with the very first payment. How long will it take the family to pay off the mortgage? How much interest will the family saveStep by Step Solution
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