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A couple who wants to purchase a home with a price of $ 3 6 0 , 0 0 0 has $ 1 0 0
A couple who wants to purchase a home with a price of $ has $ for a down payment. If they can get a year mortgage at per year on the unpaid balance, find each of the following.
a What will be their monthly payments?
b What is the total amount they will pay before they own the house outright?
c How much interest will they pay over the life of the loan?
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