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You borrow $100,000 at 6 percent for 25 years to fund part of the purchase of a house. You repay the mortgage loan with equal

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You borrow $100,000 at 6 percent for 25 years to fund part of the purchase of a house. You repay the mortgage loan with equal monthly installments over 25 years. - What is your monthly loan repayment? How much interest payment and how much loan repayment are in your first mon th ly installment? - How much interest will you be paying over the entire life of the mortgage loan

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