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Question 8 This is Ben's budget. Use his budget to determine the answer to the following question: Scenario: Suppose Ben wants to buy a

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Question 8 This is Ben's budget. Use his budget to determine the answer to the following question: Scenario: Suppose Ben wants to buy a house for $251,599. L. For a 30-year mortgage, Ben gets a 5% interest rate. Calculate his monthly payments for this 30-year mortgage, after 20% down payment. Monthly Income Monthly Expenses ITEM AMOUNT ITEM Column1 AMOUNT Income Source 1 $2.000.00 Rent $800.00 Cell phone $100.00 Groceries $200.00 Car payment $273.00 Auto expenses $120.00 Student loans $250.00 Credit cards $100.00 Auto Insurance $78.00 Personal care $50.00 Entertainment $100.00 Miscellaneous $50.00 TTTT Paragraph v Arial 932 3 (12pt) E-T 5 Mashups

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