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Q3. Smith purchased the house for $500,000 25 years ago and got it financed. The mortgage contract required Smith to make monthly payments for 30

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Q3. Smith purchased the house for $500,000 25 years ago and got it financed. The mortgage contract required Smith to make monthly payments for 30 years. He has made payments for 25 years. If the interest rate on the mortgage is 8% (APR), how much money, Smith has to pay if he wants to end the contract now

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