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Ms. Anderson plans to purchase a home for $300,000. She intends to pay 20% of the purchase price as down payment, and finance the remainder
Ms. Anderson plans to purchase a home for $300,000. She intends to pay 20% of the purchase price as down payment, and finance the remainder over 20 years at 4.75% interest. a) What will be her monthly payment (principal and interest)? b) Calculate the total amount of interest paid over the term of the c) How much interest is paid in the first month
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