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christiannnag18:
Brett has a 30-year fixed rate mortgage for $112,500 with monthly payments of $603.92. The annual interest rate is 5%. What is the total cost of the principal and interest for this loan rounded to the nearest dollar? again its finaicial
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XioGonz:
30 yrs = 360 mnth 360 pymnts x $603.92 = $217,411
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