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Mathematics, 28.05.2021 16:20 wapattersons

Jim is taking out a P$135,000 mortgage. His bank offers him an APR of R 3.32%-->0.0332 for T 20 years. What is Jim’s monthly payment?

M=135,000(0.033212)(1+0.033212)(12* 20)(1+0.033212)(12*20)-1=

What is the total amount of interest he pays on the 20-year loan?

I=(12*M*t)-P=

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