Richard Miyashiro purchased a condominium and obtained a 25-year loan of $193,000 at an annual...
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Richard Miyashiro purchased a condominium and obtained a 25-year loan of $193,000 at an annual interest rate of 8.20%. (Round your answers to the nearest cent.)
(a) What is the mortgage payment? $ (b) What is the total of the payments over the life of the loan? $ (c) Find the amount of interest paid on the mortgage loan over the 25 years. $
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