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Sandra figures that her budget allows her to spend up to $ 2 , 9 0 0 . 0 0 on her monthly mortgage payment.

Sandra figures that her budget allows her to spend up to $2,900.00 on her monthly mortgage payment. Her bank offers a 3.375% amortized loan for 40 years.
a) What is the maximum amount she can borrow from the bank for a mortgage? Round to the nearest cent.
b) How much will she end up paying in interest? Round to the nearest cent.
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