Beth and Bob Salerno are looking at a home loan of $250,000 and have been quoted 3.75% for a 30…

Beth and Bob Salerno are looking at a home loan of $250,000 and have been quoted 3.75% for a 30 year loan compounded monthly. a What will the monthly payment be (assume no fees in the mortgage)? b How much principle will be paid in the first 10 years? c What will the remaining principle be after 20 years of payments? Take care of TVOM.

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