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Questions 2-4. Your friend purchases a $177,000 house. He is able to make a 15% down payment. The bank will give him a 30-year loan
Questions 2-4. Your friend purchases a $177,000 house. He is able to make a 15% down payment. The bank will give him a 30-year loan with a 4.1% APR. How much money will he borrow for his mortgage? (round to the nearest dollar) What would his monthly payment be? (round to the nearest cent) How much interest will your friend pay over 30 years of his loan? (round to the nearest cent)
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