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Find the monthly mortgage payment on a loan of $160,000, assuming a 30-year loan at 4.
Find the monthly mortgage payment on a loan of $160,000, assuming a 30-year loan at 4.71%. (10 points)
Assuming that all payments are made as scheduled, with none missed and no extra payments, how much total interest will be paid over the life of this loan? (10 points)
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