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You borrow $165,000 to buy a house. The mortgage rate is 7.5 percent annually and the loan period is 30 years. Payments are made monthly.

You borrow $165,000 to buy a house. The mortgage rate is 7.5 percent annually and the loan period is 30 years. Payments are made monthly. What is the monthly payment? How much total interest will you pay for the entired period of the loan?

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