How much interest did you pay on the loan in the past year

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Reference no: EM131450318

Three years ago you took out a 30-year amortizing loan. The loan has a 6% APR with monthly payments (and monthly compounding).

What are your monthly payments if your current loan balance is $368, 600?

How much interest did you pay on the loan in the past year?

Reference no: EM131450318

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