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You plan to purchase a $100,000 house using a 30 -yeat mortgage obtatned from your local credit union. The mortgage rate offered to you is

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You plan to purchase a $100,000 house using a 30 -yeat mortgage obtatned from your local credit union. The mortgage rate offered to you is 8.25 percent You will make a down payment of 20 percent of the purchase price. a. Calculate your monthly payments on this mortgage b. Calculate the amount of interest and, separately, pnincipal pald in the 25 th payment c. Calculate the amount of interest and, separately. principal paid in the 225 th poyment d. Calculate the amount of interest paid over the life of this mortgage (for all requirements, do not round intermediate colculations. Round your antwers to 2 decimal places. (e.9. 32.16))

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