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Use the annuity formula to calculate the monthly mortgage payment on a $600,000, thirty-year home mortgage if the annual rate is 6%. Assuming you paid
Use the annuity formula to calculate the monthly mortgage payment on a $600,000, thirty-year home mortgage if the annual rate is 6%. Assuming you paid off your mortgage over thirty years, how much total interest (in dollars) did you pay? Show all work and formulas.
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