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please show work simply and do not use excel You are thinking about buying a condo, and you have saved $35,000 for a down payment.

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please show work simply and do not use excel
You are thinking about buying a condo, and you have saved $35,000 for a down payment. The bank is offering 4% loans and requires just a 5% down payment. What is the most you can borrow? What will your monthly payment be on a 15 year loan? I How much principal will you still owe after 5 years

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