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This is a question in Finit Math *** Do not answer with hand writing the answer has to be typed*** 18. A family needs to

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This is a question in Finit Math
*** Do not answer with hand writing the answer has to be typed***
18. A family needs to take out a 30 year home mortgage loan of $90,000 through a local bank. APR for a 30yr mortgage at the bank is 5.1% compounded monthly. a) Compute the family's monthly payment under this loan. b) How much interest will the family pay over the life of the loan? e) Complete the first two rows of the amortization schedule. (95) End of month# Interest charged I Payment made R Payment Toward Principal Outstanding Principal 90,000

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