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Jenny and Leo plan to purchase a new house and the couple is able to obtain a 25-year 3.6% (per annum, compounded monthly amortised loan

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Jenny and Leo plan to purchase a new house and the couple is able to obtain a 25-year 3.6% (per annum, compounded monthly amortised loan but they must put down 10% deposit. The loan requires end-of-month repayments of $2,500 where the first payment is due a month after the loan is taken Assuming that the couple has enough savings for the down payment, what is the cost of the house that they want to purchase? O & 494,068.50 OD. 548.965.00 0.04940,684.98 O d. 750,000.00

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