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Alice is concerned about the financing of a home. She saw a home selling for $120,000. If she puts 10% down, what will her monthly
Alice is concerned about the financing of a home. She saw a home selling for $120,000. If she puts 10% down, what will her monthly payment be for a 30 year loan at the following percentages? What is the total cost of interest over the life of the loan for each assumption A, B, C, and D?
A. 8% B. 9% C. 10% D. 11%
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