You may remember seeing home mortgage interest rates fluctuate widely in a period of not too many years. Refer to the following​ tables, which compare the amortization of a​ $120,000, 30-year mortgage for rates of​ 4.0% and​ 12.5%. Give the monthly payments for each of the following for​ (a) a​ 4.0% rate, and ​(b) a​ 12.5% rate.

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