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A couple plans to purchase a vacation home. The bank requires a 1 0 % down payment on the $ 4 0 0 , 0
A couple plans to purchase a vacation home. The bank requires a down payment on the $ vacation home. The couple will finance the rest of the cost with a fixedrate mortgage at annual interest with monthly payments over years.Complete the parts below. Do not round any intermediate computations. Round your final answers to the nearest cent if necessary.a Find the required down payment.Isb Find the amount of the mortgage.c Find the monthly payment.
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