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The Kaufmans have decided to buy a house that costs $260,000. After a down payment of $20,000, they can get an interest rate of 7.8%.

The Kaufmans have decided to buy a house that costs $260,000. After a down payment of $20,000, they can get an interest rate of 7.8%. Find their monthly payments if they set up a 30 year loan What is the total amount they will pay for the house? How much total interest will they wind up paying on the loan?

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