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Consider a home mortgage of 200 000 at a fixed APR of 3 for 30...

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Basic Math

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Consider a home mortgage of 200 000 at a fixed APR of 3 for 30 years Complete parts a through c belov a Calculate the monthly payment The monthly payment is 843 21 Do not round until the final answer Then round to the nearest cent as needed b Determine the total amount paid over the term of the loan The total amount paid over the term of the loan is Round to the nearest cent as needed

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