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Calculating Mortgage Interest Answers
1. The monthly mortgage payment is $1,193.54.
2. The total interest paid over the life of the loan is $113,598.30.
3. The total interest paid over the life of the loan is $94,169.23.
4. The monthly mortgage payment is $1,664.20.
5. The new monthly mortgage payment is $1,225.47.
6. The total interest paid over the first 10 years of the loan is $98,612.52.
7. The total interest paid over the life of the loan is $224,754.36.
8. The monthly mortgage payment is $1,864.24.
9. The total interest paid over the life of the loan is $53,839.67.
10. The monthly mortgage payment is $2,027.67.
11. The new monthly mortgage payment is $1,031.22.
12. The total interest paid over the life of the loan is $49,666.85.
13. The total interest paid over the life of the loan is $192,511.07.
14. The monthly mortgage payment is $1,246.50.
15. The total interest paid over the life of the loan is $38,386.58.
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