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You are analyzing a 30-year mortgage of $400,000 with 6.9 % APR. a. Find the monthly payment b. For the 84th payment separately find the
You are analyzing a 30-year mortgage of $400,000 with 6.9 % APR.
a. Find the monthly payment
b. For the 84th payment separately find the interest and principal.
c. For the 252nd 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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