Use an amortization table to solve the problem. Round to the nearest cent.
-You have purchased a new house and have a mortgage for $90,000 at 6% compounded monthly. The loan is
amortized over 20 years in equal monthly payments of $644.79. Find the total amount paid in interest when the
mortgage is paid off.

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The Answer of Use an amortization table to solve the problem. Round to the nearest cent.
-You have purchased a new house and have a mortgage for $90,000 at 6% compounded monthly. The loan is
amortized over 20 years in equal monthly payments of $644.79. Find the total amount paid in interest when the
mortgage is paid off.

Use an Amortization Table to Solve the Problem