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4) A homeowner wants to buy a home for $1,500,000 and the bank gives him the following condition: 10% down, and 5% interest rate for
4) A homeowner wants to buy a home for $1,500,000 and the bank gives him the following condition: 10% down, and 5% interest rate for 30 years. a) What is the down payment b) b) what is the loan amount from the bank c) c) what is his monthly payment d) d) Create a schedule for the first 4 payments showing the monthly payments, interest ,the principal and balance for each payment
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