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What will the total of all of camila payments be over

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Question - Camila has finally found a house she adores!  The cost of the home is $210,000, which she intends to purchase on a 30-year fixed mortgage.  Blinded by her adoration for the property, she has agreed to a 5.5% interest rate.  Round all answers to the nearest cent.

Excel reports a monthly payment amount of $1013.50. What will the total of all of Camila's payments be over the lifetime of the mortgage?

Reference no: EM133157112

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