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You have just borrowed a 30-year mortgage loan of $709,000 at 6% per year. You are going to pay equal end-of-month payments. a. How much

You have just borrowed a 30-year mortgage loan of $709,000 at 6% per year. You are going to pay equal end-of-month payments.

a. How much will you still owe after Year 8?

b. How much total principal will you pay off during the first five years?

c. How much total interests will you pay during Year 9?

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