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Suzan long is considering buying a home for $350,000. A) if she makes a down payment of $50,000 and takes out a mortgage on the
Suzan long is considering buying a home for $350,000. A) if she makes a down payment of $50,000 and takes out a mortgage on the rest of the money at 5.5% compunded monthly, what will be her payment to retire the mortgage in 15 years? B) Consider the 60th payment. How much will the interest and principle payments be?
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