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3.) The Fiore's are now interested in purchasing their first home. They've put 30% down on a $379,000 home, and the loan is to be

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3.) The Fiore's are now interested in purchasing their first home. They've put 30% down on a $379,000 home, and the loan is to be amortized over 30 years at 4.3%. a.) What is their monthly payment? b) The lender is required to give The Fiore's an amortization table. Complete the following tables regarding their loan. Month Present Payment Interest Monthly Value On Payment Payment Principle 0 1 2 3 Totals c.) Shocked by the numbers in the amortization table, John decides to calculate the total amount of interest over the life of the loan. How much interest will they pay in 30 years? d.) After 5 years, The Fiore's decide to refinance their home at 3.35% for 20 years. Find the new monthly payment e) Find the amount of interest saved by refinancing. f.) For tax purposes John needs to know the amount of interest paid during the third year of the new loan. How much interest did he pay during the third year

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