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Investigate the effect of the interest rate on home loans by finding the monthly payment and...

Investigate the effect of the interest rate on home loans by finding the monthly payment and the total interest for a twenty-year simple interest amortized loan of $150,000 at the following rates. (Round your answers to the nearest cent.)

(a) 6% payment $

total interest $

(b) 7% payment $

total interest $

(c) 8% payment $

total interest $

(d) 9% payment $

total interest $

(e) 10% payment $

total interest $

(f) 11% payment $

total interest $

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