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Stephen has just purchased a home for $145,000. A mortgage company has approved his loan application for a 30-year fixed-rate loan at 4.75%. Stephen has
Stephen has just purchased a home for $145,000. A mortgage company has approved his loan application for a 30-year fixed-rate loan at 4.75%. Stephen has agreed to pay 30% of the purchase price as a down payment. Find the down payment, amount of mortgage, and monthly payment
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