Richard Miyashiro purchased a condominium and obtained a 30-year loan of $196,000 at an annual interest rate of 8.20%. (Round your answers to the nearest cent.) (a) What is the mortgage payment? $ (b)...

Richard Miyashiro purchased a condominium and obtained a 30-year loan of $196,000 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 30 years.

Jun 09, 2022

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Richard Miyashiro purchased a condominium and obtained a 30-year loan of $196,000 at an annual interest rate of 8.20%. (Round your answers to the nearest cent.) (a) What is the mortgage payment? $ (b)...

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