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Suppose you want to purchase a $282,000 home, and you have the required $58,000 down payment in savings. Complete the table below for a mortgage

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Suppose you want to purchase a $282,000 home, and you have the required $58,000 down payment in savings. Complete the table below for a mortgage option presented by a mortgage broker Principal Interest Terms Rate Total of Payments Total Interest Paid (years) Payment over Life of Loan over Life of Loan $224 000 3.625% 15 Complete the table below Interest Terms Principal Rate (years) Payment $224,000 3.625% 15 $ (Round to the nearest cent as needed) Total of Payments Total Interest Paid over Life of Loan over Life of Loan

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