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Question 8 (1 point) As a first-time homebuyer, you have two options for financing. The house you were interested in costs $250,000. One, you can

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Question 8 (1 point) As a first-time homebuyer, you have two options for financing. The house you were interested in costs $250,000. One, you can put down 3% initially and your total rate will be 30-years fixed 4.5%. Two, you can put down 20%, and your total rate for the same time span is 3.75%. What is your down payment under option 1? (round to nearest dollar) $7500 250,000 50,000 Question 9 (2 points) As a first-time homebuyer, you have two options for financing. The house you were interested in costs $250,000. One, you can put down 3% initially and your total rate will be 30-years fixed 4.5%. Two, you can put down 20%, and your total rate for the same time span ik 3.75%. What is the monthly payment under option 1? (round to the nearest cent)

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