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Consider a home mortgage of ​$125,000 at a fixed APR of 4.5​% for 15 years. a. Calculate the monthly payment. b. Determine the total amount paid over the term of the loan. c. Of the total amount​ paid, what percentage is paid toward the principal and what percentage is paid for interest.

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Monthly payment would be $956.24
Loan APR is 4.892%

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User F Chopin
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