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5. You are thinking about buying a condo, and you have saved $35,000 for a down payment. The bank is offering 4% loans and requires

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5. You are thinking about buying a condo, and you have saved $35,000 for a down payment. The bank is offering 4% loans and requires just a 5% down payment. (10 pt.s) What is the most you can borrow? What will your monthly payment be on a 15 year loan? How much principal will you still owe after 5 years

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