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What is the total amount of interest aaron will pay on loan

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Reference no: EM133173244

Question - Aaron Grider buys a home for $120,500. After a 15% down payment, the balance is financed at 8% interest for 9 years.

a. What equal quarterly payments will be required to amortize this mortgage loan?

b. What is the total amount of interest Aaron will pay on the loan?

Reference no: EM133173244

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