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Question 1: A borrower can obtain an 80% loan with an 8% interest rate and monthly payments. The loan is to be fully amortized over

Question 1: A borrower can obtain an 80% loan with an 8% interest rate and monthly payments. The loan is to be fully amortized over 25 years. Alternatively, he could obtain a 90% loan at an 8.5% rate ...

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