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Find the monthly mortgage payment

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Q1. Mr. and Mrs. Thompson purchase a beachside condo for $415000, pay a down payment of 17%, and obtain a 30-year, fixed-rate mortgage at 3.000%. Find the monthly mortgage payment.

Q2. Mr. and Mrs. Thompson purchase a beachside condo for $468000, pay a down payment of 22%, and obtain a 30-year, fixed-rate mortgage at 4.250%. Find the total interest paid on the loan over the 30 years.

Reference no: EM132520668

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