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Suppose you want to purchase a $287,000 home, and you have the required $64,000 down payment in savings. Complete the table presented by a mortgage
Suppose you want to purchase a $287,000 home, and you have the required $64,000 down payment in savings. Complete the table presented by a mortgage broker. Principal $223,000 Interest Rate 3.625% Terms (years) 20 Payment Total of Payments over Life of Loan Total Interest Paid over Life of Loan Complete the table below. (years) | Payment Total of Payments over Life of Loan Principal Interest | Terms Rate $223,000 3.625% 20 (Round to the nearest cent as needed.) Total Interest Paid over Life of Loan $
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