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You plan to purchase a 430,000 house using 30-year mortgage obtained from your local bank. The...

You plan to purchase a 430,000 house using 30-year mortgage obtained from your local bank. The mortgage rate offered to you is 4.5%. You will make the down payment of 20 percent of the purchase price.

Calculate your monthly payment on this mortgage? Also, show how much total interest will you be paying.

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