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You want to take out a $ 2 1 0 , 0 0 0 mortgage ( home loan ) . The yearly interest rate on

You want to take out a $210,000 mortgage (home loan). The yearly interest rate on the loan is 6%, and the loan is for 30 years. How much will your monthly payment be?(8 points)
2. For the loan in problem #1, how much will you pay over the life of the loan? How much interest will be paid over the life of the loan? (8 points)
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