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You are borrowing a $ 9 5 0 , 0 0 0 to purchase a home. The mortgage will have a 5 % interest rate
You are borrowing a $ to purchase a home. The mortgage will have a interest rate and will last for years with monthly payments. How much principal and interest will you pay in the first seven years? How much interest will you pay over the next years? If you pay the loan off years early, pay.
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