How much interest will be paid over the term of the loan

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Reference no: EM13774259

The selling price of a house is $1,375,000. You have enough money for a 15% down payment with the balance authorized at 4% annual compounded monthly for 30 years.

A) How much will the monthly payments be?

B) How much interest will be paid over the term of the loan?

Reference no: EM13774259

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