Find the monthly payment (in $) and the total interest (in $) for a mortgage of $46,000 at 5 3 4 % for 40 years. Use this table and give the total interest as your answer. (Round your answers to the nearest cent.)

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
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Find the monthly payment (in $) and the total interest (in $) for a mortgage of $46,000 at 5 3 4 % for 40 years. Use this table and give the total interest as your answer. (Round your answers to the nearest cent.)

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