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Purchase price: $350,000 Loan to Value: 80% Interest rate: 9% Term: 30 years A. Calculate monthly payment B. Interest paid in the second month C.

Purchase price: $350,000

Loan to Value: 80%

Interest rate: 9%

Term: 30 years

A. Calculate monthly payment

B. Interest paid in the second month

C. Percentage paid off after 6 years

D. Amount of the loan paid off after 6 years.

E. Amount still owe after 6 years

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