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Business, 19.02.2020 21:31 darriennichole

How large a mortgage can she afford, assuming she makes steady payments of $25,000 per year for 20 years? How much total interest will be paid over the 20-year life of the mortgage? How much interest will be paid during the first year of the mortgage? How much principal will be repaid in the first year? How much of the final $25,000 payment at the end of 20 years will be interest and how much will be principal?

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