Question: Please answer the question inside the picture, need the process to learn Laura and Martin obtain a 20year, $140,000 conventional mortgage at 9.0% on a

Please answer the question inside the picture, need the process to learn

Laura and Martin obtain a 20year, $140,000 conventional mortgage at 9.0% on a house selling for $180,000. Their monthly mortgage payment' including principal and interest, is $1 (260.00. a) Determine the total amount they will pay for their house. b) How much ofthe cost will be interest? c) How much at the rst payment on the mortgage is applied to the principal? a) The total amount that Laura and Martin will pay for their house is $ (Round to the nearest dollar as needed.) b) They will pay a total 01 $ in interest. (Round to the nearest dollar as needed.) (2) 0f the rst mortgage payment, $ is applied to the principal. (Round to the nearest cent as needed.)

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