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  • 24-05-2023
  • Mathematics
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21. ALGEBRA Kim and Sarah Carson applied for a $120,000 mortgage loan at an 8.25%
annual interest rate. The loan is for 30 years, and the Carsons will repay it in equa
monthly payments that include interest. Find the (a) monthly payment using the
formula, (b) amount paid, and (c) total interest charged.

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