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a. You buy a house for $200,000 with 25% down. The rest if financed at 0.5% per month for 30 years. The monthly mortgage payment
a. You buy a house for $200,000 with 25% down. The rest if financed at 0.5% per month for 30 years. The monthly mortgage payment is:
b. Referring to the previous question, if the mortgage is terminated soon after making the 60th payment, the outstanding loan principal is:
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