Question: Please show all your work Problem 2: (a) John House has taken a $75,000 mortgage on his house at an interest rate of 4.5% APR

Please show all your work

Problem 2: (a) John House has taken a $75,000 mortgage on his house at an interest rate of 4.5% APR (Annual the percentage rate) the mortgage calls for ten egual annual (end of the year) payments, what is If amount of the payment? (b) Calculate the total interest payment on the life of the loan SPRING 2016

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