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You can afford a $1200 per month mortgage payment. You've found a 30 year loan at 8% interest. a) How big of a loan can

You can afford a $1200 per month mortgage payment. You've found a 30 year loan at 8% interest. 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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