Richard Miyashiro purchased a condominium
Question
Richard Miyashiro purchased a condominium and obtained a 25 style=”color:rgb(0,0,0);”>-year loan of $191,000 at an annual interest rate of 8.20%. (Round your answers to the nearest cent.)(a) What is the mortgage payment?$
(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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