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Suppose you want to buy a $247,000 home. You found a bank that offers a 30-year loan at 3.3% APR. Round all answers to the

  1. Suppose you want to buy a $247,000 home. You found a bank that offers a 30-year loan at 3.3% APR. Round all answers to the nearest cent.

  1. What will be your monthly payment?

  1. How much total money will you pay the loan company?

How much of the money paid to the bank for the mortgage is interest?

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