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You can afford a $1000 per month mortgage payment. You've found a 30 year loan at an annual interest rate of 5.6% , compounded monthly.

You can afford a $1000 per month mortgage payment. You've found a 30 year loan at an annual interest rate of 5.6% , compounded monthly. (Enter numeric answers to 2 decimal places.)

a) How big of a loan can you afford?

b) How much total money will you pay the loan company?

c) How much of that money is interest?

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