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  • 1. What is the monthly payment for this house now?
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  • 2. By how much has the monthly principal and interest payment increased?
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  • 3. What are the total interest payments on the 16 percent, $100,000 mortgage loan over the entire 30 years?
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  • 4. How does this calculation compare to the total amount of interest paid when the interest rate was 7 percent?
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