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You are purchasing a house for $95,000. The lender requires a 10% downpayment, and will finance the rest with a 30 year fixed rate mortgage
You are purchasing a house for $95,000. The lender requires a 10% downpayment, and will finance the rest with a 30 year fixed rate mortgage with monthly payments at 9 7/8% with two discount points charged.
1.) Payment: Calculate the montly payment.
The answer to this one is $742.44, but when I can't figure out what to input into my calculator to get this answer.
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