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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
- 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.
- What will be your monthly payment?
- 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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