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You are considering buying a home wth an asking price of $300,000. Since the market is hot, you plan to put in an offer for

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You are considering buying a home wth an asking price of $300,000. Since the market is hot, you plan to put in an offer for the ful asking price. You asso plan fo put $60,000 down and finance the remainder. Your bark offers a 30-year loan at 7.5\% APA foompounded monthly). Assume your first payment is made one month from today. Suppose you pay the bark $2,500 each month rather than making the required poyenent calculate the number of months it will take to pay off the loan. (Round fo the nearest whole number, zero decimais) QUESTION 12 You have 30 years left unta retirement and want lo rebre with $5,000,000 saved. You plan to depost 1,200 dollars into eve account each month beginning one month from boday. You currently have $20,000 saved. Calculate the rate of return (APR) you need to eam so reach your retivement goal. (Enter percentages as decimais and round to 4 decimals)

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