Question: 2. Nancy buys a house for $640,000. She puts down 20%. The term of her home-mortgage loan is 15 years. Payments are made at the

2. Nancy buys a house for $640,000. She puts down 20%. The term of her home-mortgage loan is 15 years. Payments are made at the end of each month. The interest rate r = 5.2%. Data: (a) Compute Nancy's monthly payment. (b) Compute the total dollar interest Nancy pays over the life of the mortgage

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