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What is the monthly payment on a 30-year mortgage of $150,000 at 11% interest per year, compounded monthly? (Round your answer to the nearest cent.)

What is the monthly payment on a 30-year mortgage of $150,000 at 11% interest per year, compounded monthly? (Round your answer to the nearest cent.)

What is the total amount paid on this loan over the 30-year period? (Round your answer to the nearest cent.)

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