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Use this information for problems 5 and 6 . You are looking to buy a house with a 3 0 - year mortgage. The interest

Use this information for problems 5 and 6. You are looking to buy a house with a 30-year mortgage. The interest rate is 7.3%.
5. You find a house which costs $300,000.
a. What will your monthly payments be?
b. How much will you end up paying total for the house?
6. You look at another house which costs $400,000.
a. What will your monthly payments be if you buy it instead?
b. How much will you end up paying total for the house?
c. How much more did you end up paying for the $400,000 house?

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