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Suppose that you want to purchase a home for $382.500, with a 30-year mortgage at 7% interest. Suppose that you can put 20% down. (Use

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Suppose that you want to purchase a home for $382.500, with a 30-year mortgage at 7% interest. Suppose that you can put 20% down. (Use this table to calculate your answer. Round your answers to the nearest cent.) (a) What is the amount of the down payment? (b) What is the amount to be financed? (C) What are the monthly payments? (d) What is the total amount of Interest paid on the 30-year loan? (e) What is the necessary monthly income for you to be able to afford this home? (Assume that there are no other monthly bills to consider.)

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