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Explain the life of the mortgage

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Reference no: EM133275472

Short Answer: Please show your Variables that you use to get the ANSWER.

Scenario: You purchased an older home and will have a mortgage of $150,000. What will your monthly payments be with an APR of 5.75% amortized over 20 years. Round to the nearest Hundredth How much in total interest will you pay over the life of the mortgage

Reference no: EM133275472

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