Question: Please provide complete work You plan to purchase a 230,000 house using 15-year mortgage obtained from your local bank. The mortgage rate offered to you

Please provide complete work

You plan to purchase a 230,000 house using 15-year mortgage obtained from your local bank. The mortgage rate offered to you is 4%. You will make the down payment of 20 percent of the purchase price. Calculate the monthly payment and the amount of interest paid over the life of this mortgage

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