Question: 7explain and work each out by formula a. Calculate the monthly payment on a 30-year mortgage in the amount of ( $ 150,000 ) at
7explain and work each out by formula a. Calculate the monthly payment on a 30-year mortgage in the amount of \( \$ 150,000 \) at \( 6 \% \). [5 points] b. Calculate the total interest payment on this 30-year mortgage. [5 points] c. In th 2 answers
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