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Suppose you are buying a house that cost $245,000. You make a 15% down payment and are also going to make monthly payments on the
Suppose you are buying a house that cost $245,000. You make a 15% down payment and are also going to make monthly payments on the balance of the loan which you are financing at 8.9 APR. How much are these payments? How much interest will you pay over the life of the loan? The loan is for 25 years. (Must be done in excel)
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