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Laura and Martin obtain a 30-year, ?$180,000 conventional mortgage at 9.5?% on a house selling for...

Laura and Martin obtain a 30-year, ?$180,000 conventional mortgage at 9.5?% on a house selling for ?$220,000. Their monthly mortgage? payment, including principal and? interest, is ?$1513.80.

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

?(Round to the nearest dollar as? needed.)

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

?(Round to the nearest dollar as? needed.)

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

?(Round to the nearest dollar as? needed.)

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