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The following loan is a simple interest amortized loan with monthly payments. (Round your answer to the nearest cent.) $145,000, 9 1/2%, for 30 years.

The following loan is a simple interest amortized loan with monthly payments. (Round your answer to the nearest cent.)

$145,000, 9 1/2%, for 30 years.

(a) Find the monthly payment.%, 30 years

$ (b) Find the total interest. $

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