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You are desiring to buy a house thats value in the market is $100,000 and he plans to give an advance that is equivalent to
You are desiring to buy a house thats value in the market is $100,000 and he plans to give an advance that is equivalent to 9% of that amount. Calculate the monthly payment to be paid if you take the loan at an interest rate of 5%. The loan is for 30 years. Calculate interest paid also.
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