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Four years ago, you bought a home with a purchase price of $ 2 3 0 , 0 0 0 and you paid 1 0
Four years ago, you bought a home with a purchase price of $ and you paid of that amount as a down payment and financed the remainder. Your mortgage loan terms are years of monthly payments at an annual rate of Do no interim rounding on the calculated monthly interest rate.
a How much are your monthly mortgage payments?
b Over the life of the original loan, how much would you pay in interest?
c Remember that you took this loan out years ago payments You got a new job and are moving across the country. You will be selling this house and looking at buying something new. Considering the years of payments you have made; how much do you still owe on your home?
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