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Your client wants to purchase a new home for $ 3 0 0 , 0 0 0 and finance $ 2 5 0 , 0

Your client wants to purchase a new home for $ 300,000 and finance $ 250,000 with a 4.25%,30-year fixed mortgage. a. What is the monthly payment for principal and interest for this mortgage? b. How much interest would be paid in the first 12 payments? . What would the loan balance be after 10 years, assuming all payments were paid on time?

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