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3. You borrow $75000 to buy a house. The loan is for 20 years at 6% rate. a. What is your monthly payment? b. Make

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3. You borrow $75000 to buy a house. The loan is for 20 years at 6% rate. a. What is your monthly payment? b. Make an amortization table for the first 4 months of the loan. c. If your budget only allowed you to pay $450/month, what value of house should you shop for? d. If your budget allows you to pay $100 extra per month (on the answer from part a), how long will it take for you to pay off the loan

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