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A couple plins to purchase a vacation home. The bank requires a 20% down payment on the 5430,000 vacation home. The couple will finance the
A couple plins to purchase a vacation home. The bank requires a 20% down payment on the 5430,000 vacation home. The couple will finance the rest of the cost with a fired-rate mortoage at 396 arnual interest wizh monthly poyments over 30 years. Complete the parts below, Do not round any intermediate compistations. Round your finalanswers to the nearest cent if necessary, if necessary, refer to the (a) Find the required down payment. 386,000 (b) Find the amounc of the mortgage. 5344000 (c) find the monthly payment Stais.15
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