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The Nguyens are thinking of buying a home for $ 1 1 7 , 0 0 0 . A potential lender advertises an 8 0

The Nguyens are thinking of buying a home for $117,000. A potential lender advertises an 80%, thirty-year simple interest amortized loan at 8.25%
interest, with an APR of 9.23%. Use the APR to approximate the fees included in the finance charge.

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