Richard Miyashiro purchased a condominium and obtained a 30-year loan of $199,000 at an annual interest...

Richard Miyashiro purchased a condominium and obtained a 30-year loan of $199,000 at an annual interest rate of 8.40%

(a) What is the mortgage payment?
$

(b) What is the total of the payments over the life of the loan?
$

(c) Find the amount of interest paid on the mortgage loan over the 30 years.
$

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NO INTERMEDIATE ROUNDING IS DONE. EXCEL IS USED. EXCEL FORMULA IS SHOWN

IF YOU NEED ANSWER USING FORMULA, LET ME KNOW.

jeff jeffy answered 1 month ago

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