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John is interested in buying a house for $580000. He wants to make a down payment of 200,00 and the rest of the money is
John is interested in buying a house for $580000. He wants to make a down payment of 200,00 and the rest of the money is financed. The mortgage rate is 12%
A) what is the monthly rate on the mortgage
B) if he chooses a period of 10 years what will the monthly payment be
C) what is the interest portion of the 25th payment?
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