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Use the following for questions 1-3. 3.35%, 30 year fixed rate, $225,000 mortgage 1. What is the monthly payment? 2. How much of the last

Use the following for questions 1-3.

3.35%, 30 year fixed rate, $225,000 mortgage

1. What is the monthly payment?

2. How much of the last payment goes towards interest on the loan?

3. If you want to pay off the mortgage in 25 years, how much extra do you need to pay every month?

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