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Sarah has just purchased a home for $ 1 2 2 , 0 0 0 . A mortgage company has approved her loan application for

Sarah has just purchased a home for $122,000. A mortgage company has approved her loan application for a 15-year fixed-rate loan at 5.00%. Sarah has agreed to pay 5% of the purchase price as a down payment. Find the down payment, amount of mortgage, monthly payment and the total cost of the home after financing.

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