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QUESTION
Kareem Adiagbo buys a house for $285,000. He pays $60,000 down and takes out a mortgage at 7.5% on the balance.
Kareem Adiagbo buys a house for $285,000. He pays $60,000 down and takes out a mortgage at 7.5% on the balance. Find his monthly payment and the total amount of interest he will pay if the length of the mortgage is 20 years.
