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The Gomez family bought a house for $450,000. They paid 20% down and amortized the rest at 5.2% over a 30-year period. Complete the following
The Gomez family bought a house for $450,000. They paid 20% down and amortized the rest at 5.2% over a 30-year period. Complete the following a) Calculate the monthly mortgage payment b) What is the total interest payed for the loan. Please show work.
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