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You want to purchase a home for $ 2 0 0 , 0 0 0 with a 3 0 - year mortgage at 9 .

You want to purchase a home for $200,000 with a 30-year mortgage at 9.24% interest.
r=0.0924
t=30
a) Find the monthly payment
b) Find the balance owed after 20 years.
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