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You plan to purchase a $100,000 house using a 30-year mortgage (monthly ) obtained from your local credit union. The mortgage rate offered to you
You plan to purchase a $100,000 house using a 30-year mortgage (monthly ) obtained 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. Calculate the amount of interest paid in the 125th payment. Group of answer choices
$481.71
$540.88
$601.01
$13,639.02
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