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You take out a home loan for $205,000. The interest on this loan is fixed at 6.5% compounded monthly for 30 years. How much is

You take out a home loan for $205,000. The interest on this loan is fixed at 6.5% compounded monthly for 30 years. How much is your required monthly mortgage payment? \$ Round to the nearest dollar USING THE WHOLE DOLLAR AMOUNT CALCULATED AS THE MONTHLY MORTGAGE PAYMENT, Over the entire period of the loan, what is the total amount of your payments? \$ Round to the nearest dollar

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