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Laura and Martin obtain a 25​-year, ​$130,000 conventional mortgage at 9.0​% on a house selling for...

Laura and Martin obtain a 25​-year, ​$130,000 conventional mortgage at 9.0​% on a house selling for ​$150,000. Their monthly mortgage​ payment, including principal and​ interest, is ​$1092.00.

​a) Determine the total amount they will pay for their house.

​b) How much of the cost will be​ interest? ​

c) How much of the first payment on the mortgage is applied to the​ principal?

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