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You are analyzing a 30 year mortgage of $400,000 with 3.75 % APR. a. Find the monthly payment b. For the 160th payment separately find
You are analyzing a 30 year mortgage of $400,000 with 3.75 % APR. a. Find the monthly payment b. For the 160th payment separately find the interest and principal. c. For the 240th payment separately find the interest and principal. d. Calculate the interest you end up paying over the life of the mortgage.
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