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7. You and your spouse have found a dream home in Wilmington. The selling price is $180,000. You put down $36,000 and obtain a
7. You and your spouse have found a dream home in Wilmington. The selling price is $180,000. You put down $36,000 and obtain a 30 year fixed rate loan at a 7.5% interest rate for the rest of the purchase price. What is the first monthly payment? I How much interest will be paid over the life of the loan in #7?
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Engineering Economic Analysis
Authors: Donald Newnan, Ted Eschanbach, Jerome Lavelle
9th Edition
978-0195168075, 9780195168075
