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Richard Miyashiro purchased a condominium and obtained a 30-year loan of $190,000 at an annual interest...

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Finance

Richard Miyashiro purchased a condominium and obtained a 30-yearloan of $190,000 at an annual interest rate of 8.45%. (Round youranswers to the nearest cent.)

(a) What is the mortgage payment?
(b) What is the total of the payments over the life of theloan?
(c) Find the amount of interest paid on the mortgage loan over the30 years.

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Richard Miyashiro purchased a condominium and obtained a 30-yearloan of $190,000 at an annual interest rate of 8.45%. (Round youranswers to the nearest cent.)(a) What is the mortgage payment?(b) What is the total of the payments over the life of theloan?(c) Find the amount of interest paid on the mortgage loan over the30 years.

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