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Find the following for a $ 2 0 0 , 0 0 0 fixed - rate mortgage and the given information. a ) Monthly mortgage
Find the following for a $ fixedrate mortgage and the given information.
a Monthly mortgage payment principal and interest
b Monthly house payment including property taxes and insurance
c Initial monthly interest
d Income tax deductible portion of initial house payment
e Net initial monthly cost for the home considering tax savings
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