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Question 4 Cathy needs a mortgage loan of $320.000. She can get a 30 year fixed-rate at an APR of 3% compounded monthly, with closing

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Question 4 Cathy needs a mortgage loan of $320.000. She can get a 30 year fixed-rate at an APR of 3% compounded monthly, with closing costs of $1000 and 2 points. a) Determine monthly payment over the term of the loan. b) Determine total closing costs. c) Determine the amount of interest paid over the loan term (in $1

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