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point ) fteen years ago a couple purchased a house for $ 2 5 0 , 0 0 0 . 0 0 by paying a
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fteen years ago a couple purchased a house for $ by paying a down payment and financing the remaining balance with a year ortgage at compounded monthly.
Find the monthly payment for this loan.
lonthly Payment: $
b Find the balance of the loan after years and after years. Let be how many payments are left on the loan.
tableAfter years,,After years,Loan Balance: $Loan Balance: $
c Find the total amount of interest paid by the couple during the th year.
Interest Paid During th year: $
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