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Question 15 (10 points) You intend to purchase a $295,000 house and are able to make 20% down payment. You will finance the remaining of

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Question 15 (10 points) You intend to purchase a $295,000 house and are able to make 20% down payment. You will finance the remaining of the house price with a mortgage company. The current mortgage rate based on your credit and repayment ability is 4.00% and the loan is a traditional 30-year fixed rate with monthly payments. Blank #1: What is the total amount of the loan after your down payment? (2 points) Instruction: Round your answer to 2 decimal places. Do not include any symbol, number only. Blank #2: What is the amount of the mortgage monthly payment? (4 points) Instruction: Round your answer to 2 decimal places. Do not include any symbol, number only. Blank #3: If you have owned the house for 10 years and have been making on-time payments over that period, how much do you still owe the mortgage company after those 10 years? (Hint: Balance of the mortgage after 10 years.) (4 points) Instruction: Round your answer to 2 decimal places. Do not include any symbol, number only

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