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Suppose you want to buy a house that costs $ 2 5 0 , 0 0 0 . You have $ 5 0 , 0
Suppose you want to buy a house that costs $ You have $ dollars for a down payment. The bank is offering two different mortgage options.
Option A: year mortgage at
Option B: year mortgage at with two points. The cost of the points will be rolled into the mortgage.
Compute the monthly payments for mortgage option Around to the nearest cent
$
Compute the total cost of the home using mortgage option Around to the nearest dollar
$
Compute the monthly payments for mortgage option Bround to the nearest cent
$
Compute the total cost of the home using mortgage option Bround to the nearest dollar
$
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