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You plan to purchase a $190,000 house using a 15-year mortgage obtained from your local credit union. The mortgage rate offered to you is 4.25

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You plan to purchase a $190,000 house using a 15-year mortgage obtained from your local credit union. The mortgage rate offered to you is 4.25 percent. You will make a down payment of 15 percent of the purchase price. Calculate your monthly payments on this mortgage. Monthly payment $ Calculate the amount of interest and, separately, principal paid in the 25th payment. Amount of interest $ Amount of principal $ Calculate the amount of interest and. separately, principal paid in the 110th payment. Amount of interest $ Amount of principal $ Calculate the amount of interest paid over the life of this mortgage Amount of interest paid $

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