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isngpice #89,900 You negotiate with the seller to buy the home for $5000 less than the listing price. You are able to make a 20%

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isngpice #89,900 You negotiate with the seller to buy the home for $5000 less than the listing price. You are able to make a 20% down payment. Your bank will financea loan for the remainder ofthe price at 3.8% annual interest compounded annually Compare a 15 year mortgage and a 30 year mortgage. What will your annual payment be for each? How much interest will you pay the bank for each type of loan? Decide which length of mortgage you ill use.Describe your reasoning Construct an Amortization Schedule for the one you chose. Show your calculations for the first 5 years only. (Please construct a table/chart-no hand-drawn table/chart)

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