Question $5$

You want to buy a $$239,000$ home. You plan to pay $5\%$ as a down payment, and take out a $30$ year loan for

the rest.

a$)$ How much is the loan amount going to be$?$

$

b$)$ What will your monthly payments be if the interest rate is $6\%?$

$

c$)$ What will your monthly payments be if the interest rate is $7\%?$

$

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