Question: Problem 7 You have until 11:59 PM to complete this assignment. Intro You took out a 30-year fixed-rate mortgage to buy a house. The interest

Problem 7

You have until 11:59 PM to complete this assignment.

Intro

You took out a 30-year fixed-rate mortgage to buy a house. The interest rate is 1.2% (APR) and you have to pay $1,530 per month.

Part 1

What is the original mortgage amount?

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