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2. You want to buy a house worth $150,000 and you have $20,000 for down payment. You want to get a financing with monthly payments.
2. You want to buy a house worth $150,000 and you have $20,000 for down payment. You want to get a financing with monthly payments. Assume 5% interest rate, what will be your monthly mortgage payments? 3. You want to buy a new car worth $30,000. You can afford to pay max $500 per month with $3,000 down payment. Given an interest rate of 6%, how long it will take to clear your debt
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