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If you obtain a 15-year mortgage and must pay $950 monthly at an interest rate of 3.50%, how much can you borrow? After your wedding,

  1. If you obtain a 15-year mortgage and must pay $950 monthly at an interest rate of 3.50%, how much can you borrow?

  1. After your wedding, you and your new husband, rent an unfurnished apartment and must purchase furniture. If you finance $25,000 for six years and make monthly payments of $515.14 on the furniture, what is your interest rate?

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