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When you purchased your house, you took out a 30 year mortgage with an interest rate of 4.8% per year. The monthly payment on the

  1. When you purchased your house, you took out a 30 year mortgage with an interest rate of 4.8% per year. The monthly payment on the mortgage is $1,500. What is the payoff amount if you have lived in the house for 13 years.
  2. You just purchased a car for $34452 and the auto loan is 60 month fixed rate loan with interest rate of 2.4% per year. What is your monthly payment?

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