Find the monthly payment for the loan. (round answer to the nearest cent.)
A $120,000 home bought with a 20% down payment and the balance finance for 30 years at 7.5%
Total Amount= 120000 $
Initial deposit 20%: $24,000
360 monthly payments of: $671.25
Loan payments: $241,648.53
Total payable: $265,648.53
Total interest: $145,648.53
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