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Find the monthly payments to the next cent

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Reference no: EM133072613

Question - A 20 year home loan of $275000 at 8.25% compounded monthly is obtained.

a. Find the monthly payments to the next cent.

b. State the total amount of interest paid on the loan assuming that it is kept for 20 years and all payments are the same.

Reference no: EM133072613

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