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1. Suppose you are a manager at a local store where your yearly salary is $68711. Determine your monthly salary. 2. You are ready to
1. Suppose you are a manager at a local store where your yearly salary is $68711. Determine your monthly salary. 2. You are ready to purchase your first home. You find a house for sale for $165,000 in a nice neighborhood. If you invested $1,500 twelve years ago at 6.5% interest compounded monthly, how much money do you have available to help with the down payment? 3. If you pay the full asking price for the house you found above and make a 5% down payment: a. How much is the down payment? b. How much will you be financing
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