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Old MathJax webview The house Jacob plans to buy cost $120,000. Jacob will put down $30,000. Jacob plan to finance for 30 years at 6.9%.

Old MathJax webview

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The house Jacob plans to buy cost $120,000. Jacob will put down $30,000. Jacob plan to finance for 30 years at 6.9%. How much are my monthly payments? How much interest in year 3? How much will Jacob owe after 11 years? If Jacob can sell the house for $160,000 after 11 years, how much will Ron have to spend on a new house (equity)? If Jacob pays an extra $ 50 each month, how long will it take him to pay off

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