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P 4-35 (similar to) Question Help You are thinking of purchasing a house. The house costs $200,000. You have $29,000 in cash that you can
P 4-35 (similar to) Question Help You are thinking of purchasing a house. The house costs $200,000. You have $29,000 in cash that you can use as a down payment on the house, but you need to borrow the rest of the purchase price. The bank is offering a 30-year mortgage that requires annual payments and has an interest rate of 7% per year. What will be your annual payment if you sign this mortgage? The annual payment is (Round to the nearest dollar. P 4-45 (similar to) Question Help * You are looking to buy a car and can afford to pay $190 per month. If the interest ate on a car loan is 0.73% per month for a 60-month loan, whats the most expensive car you can afford to buy? The amount that you can afford is S(Round to the nearest dollar.)
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