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?(Spreadsheet problem?) To buy a new house you take out a 25-year mortgage for ?$300,000....

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Finance

?(Spreadsheet problem?) To buy a new house you take out a 25-year mortgage for ?$300,000. a. What will your monthly payments be if the interest rate on your mortgage is an APR of 8 ?percent? Use a spreadsheet to calculate your answer. b. Calculate the portion of the 48th monthly payment that goes toward ?(1?) interest and ?(2?) principal.

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