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Ms. Clara Johnson is buying a house. She expects her budget to allow a monthly payment of $10500 on a 30-year mortgage with an annual
Ms. Clara Johnson is buying a house. She expects her budget to allow a monthly payment of $10500 on a 30-year mortgage with an annual interest rate of 6.58 percent. If Johnson makes a 20 percent down payment, what is the most she can pay for the house? how much interest is earned?
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