Question: Initial amount 360,000 Interest 5.2% Time 20 Years What will your monthly mortgage payment be? Do not round any intermediate computations, and round your answer

Initial amount 360,000 Interest 5.2% Time 20 Years

  1. What will your monthly mortgage payment be? Do not round any intermediate computations, and round your answer to the nearest cent.
  2. Assuming you take the full term of the mortgage, how much total interest will you have paid? Do not round any intermediate computations, and round your answer to the nearest cent.

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