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You have found your dream home, which is listed for $ 3 0 0 , 0 0 0 . You put 1 5 % of

You have found your dream home, which is listed for $300,000. You put 15% of the price of the home as a down payment and take out a loan for the remaining cost. The bank offers you a 25-year fixed loan with 4.5% APR compounded monthly. Round all answers to the nearest cent.
a. Calculate the principal amount financed (loan amount).
$
b. Calculate the minimum monthly payment.
$
c. Calculate the total interest paid over the life of the loan if only the minimum monthly payments are made.
$
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