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Question 2 Mike qualifies to borrow $120,000 on a mortgage at 9% for 30 years. a) What is his monthly payment? b) What is the

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Question 2 Mike qualifies to borrow $120,000 on a mortgage at 9% for 30 years. a) What is his monthly payment? b) What is the outstanding loan balance at the end of the third year? What is the interest payment in the next month? c) How much total interest does he pay over the entire 3 years

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