Advanced Engineering Mathematics
10th Edition
ISBN: 9780470458365
Author: Erwin Kreyszig
Publisher: Wiley, John & Sons, Incorporated
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You borrow $450,000 from a bank to buy a house, at a rate of 2.25%, for 30 years.
How much will your monthly payment be? (Assume interest is compounded monthly).
In part A, how much total interest will you have paid at the end of 30 years?
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