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Suppose that you would like to purchase a $250,000 home. Using 20% as a down payment, answer the following questions. Determine the amount you would

Suppose that you would like to purchase a $250,000 home. Using 20% as a down payment, answer the following questions." Determine the amount you would need to finance. you decide to obtain a 15-year mortgage with a 3.75% interest rate. Making monthly payments, how many payments would you make over the life of the loan?

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