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4 a . You want to buy a new house, but you are not sure what you can afford. You are nervous about borrowing more

4

.

You want to buy a new house, but you are not sure what you can afford. You are nervous about borrowing more than $

180, 000 .

What is the monthly payment for a

30 -

year loan with a

7.5 %

APR if the loan is for $

175, 000 ?

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