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Problem 1: You plan to buy a home for $220,000. You'll sign a 30-year mortgage with an APR of 4.6%. If you were to add

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Problem 1: You plan to buy a home for $220,000. You'll sign a 30-year mortgage with an APR of 4.6%. If you were to add $100 to each monthly payment, how many monthly payments would you actually have to make? $220,000 30 12 $100 4.60% Contractual Monthly Payment: Actual Monthly Payment: Number of payments to make: $1,128 $1,228

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