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What is your monthly payment in given question

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Reference no: EM13876725

1. You purchase a property with a $250,000 mortgage from a bank. This is a 15-year mortgage with a rate of 4.5 %.

(a) What is your monthly payment?

(b) What is the total amount of money you pay the bank over the life of the mortgage?

(c) What is the total amount of interest that you pay?

Reference no: EM13876725

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