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5. You just graduated RCCC, got a newjob, and are ready to purchase a home. You find your dream starter home and can purchase it
5. You just graduated RCCC, got a newjob, and are ready to purchase a home. You find your dream starter home and can purchase it for $120,000 with a loan at 5% interest compounded monthly How much will you have paid after 30 years of mortgage payments? a. P = Click or tap here to entertext. 120,000 b. r = Click or tap here to entertexto. 05 n = Click or tap here to entertext. 12 d. t = Click or tap here to entertext. 30 Now solve (round to two decimal places): C. 9. How much interest would you save by putting 20% down over the life of the loan? Click or tap here to enter text. 10. In your opinion, is putting down 20% upfront in your best interest? Click or tap here to enter text
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