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You take out a mortgage for $450,000 at 5.5% compounded quarterly for 15 years. (a) What are your periodic payments IF you save 10% for

You take out a mortgage for $450,000 at 5.5% compounded quarterly for 15 years. (a) What are your periodic payments IF you save 10% for a down payment first? (b) How much interest is paid over the life of the loan?

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