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Claire Comeaux wants to buy a house listed at $190,000.The seller has accepted her offer of $182,000. She plans to amortize the loan over 15
Claire Comeaux wants to buy a house listed at $190,000.The seller has accepted her offer of $182,000. She plans to amortize the loan over 15 years. Current rates are 8%. How much will Claire have to put down on this house in order to keep her monthly P & I payment at approximately $1,350? Hint: Think in reverse. First find the loan amount (PV). 1st Part: 2nd Part: Show work here: N= i/y= PV= PMT= FV=
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