Consider a home mortgage of $200,000 at a fixed APR of 9% for 25 years. a. Calculate the monthly payment b. Determine the total amount paid over the term of the loan. c. Of the total amount paid, what percetange is paid toward the principal and what percentage is pad for interest.

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Consider a home mortgage of $200,000 at a fixed APR of 9% for 25 years. a. Calculate the monthly payment b. Determine the total amount paid over the term of the loan. c. Of the total amount paid, what percetange is paid toward the principal and what percentage is pad for interest.

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Anual Percentage Rate -- APR

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