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QUESTION

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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