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21 March, 16:44

An individual borrowed?$89000 at an APR of 6?%, which will be paid off with monthly payments of?$638 for 20 years. The number of payments per year

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  1. 21 March, 20:14
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    Answer: Total payments = $153,120

    Interest paid = $64,120

    Step-by-step explanation:

    $638 x 12 months x 20 years = $152,120

    Paid: $152,120

    Borrowed: $89,000

    Difference: $64,120
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