Question

Find the monthly mortgage payment on a loan of $160,000, assuming a 30-year loan at 4.71%....

Find the monthly mortgage payment on a loan of $160,000, assuming a 30-year loan at 4.71%. (10 points) Assuming that all payments are made as scheduled, with none missed and no extra payments, how much total interest will be paid over the life of this loan? (10 points) Show your work.

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