If you use TVMSolver to solve these questions, be sure and s…
If you use TVMSolver to solve these questions, be sure and show your inputs in your written work so you can get full credit. State your answers to the nearest cent. You decide to take out a 30-year fixed rate mortgage to buy your new home. You are going to borrow $400,000 at an interest rate of 2.25%. (A) Calculate your monthly payment. $ [pmt] (B) How much total interest will you pay over the life of the loan? $ [int]
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