2. Donald wishes to borrow $250,000, and he qualifies for a rate of 3.29%. for this loan if the term is 30 years. By how much will the payment years? Round your answer to the nearest whole dollar. Find change the monthly if he reduces loan payment the loan to 20

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A: Simple interest =( principal × rate × time)/100

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Q: 2. Donald wishes to borrow $250,000, and he qualifies for a rate of 3.29%. Find the monthly loan…

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