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9. You are thinking about buying a home for $120,000 and can put down $20,000. If the lender charges a fixed rate of 6.5% and

9. You are thinking about buying a home for $120,000 and can put down $20,000. If the lender charges a fixed rate of 6.5% and you want a 30 year mortgage, what is the monthly payment on the $100,000 loan? How much interest do you pay over the life of the loan?

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