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Problem 2 A couple buying a house borrows $ 2 2 5 , 0 0 0 for 3 0 years at 5 . 4 %

Problem 2
A couple buying a house borrows $225,000 for 30 years at 5.4% interest, compounded monthly.
a) What is the couple's monthly house payment going to be?
b) How much will the couple pay in interest?
c) If the couple were to pay an additional $125 per month toward the cost of their home, how much sooner would the house be paid off?
d) How much money in interest would doing this save the couple? Should they do it?
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