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You can afford a $ 7 0 0 per month mortgage payment. You found a 3 0 - year loan at an interest rate of
You can afford a $ per month mortgage payment. You found a year loan at an interest rate of
Answer the following questions:
a How big of a mortgage loan can you afford?
b With a monthly payment of $ how much total money will you pay the mortgage loan company?
c How much of the total payment in part b is interest?
For each part of the question, enter a number rounded to two decimal places with no dollar sign or commas.
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