A family borrowed $72,000 to buy a house. The loan was at 7.1%and for 25 years. The
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A family borrowed $72,000 to buy a house. The loan was at 7.1%and for 25 years. The monthly payments were $513.48 each. (SeeExample 6.) (a) How much of the first month's payment was interest,and how much was principal? interest $ principal $ (b) What was thetotal amount paid over the 25 years? $
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