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You are thinking about buying a condo, and you have saved $25,000 for a down payment. The bank is offering 4% loans and requires a

  1. You are thinking about buying a condo, and you have saved $25,000 for a down payment. The bank is offering 4% loans and requires a 10% down payment. (10 pt.s)
    1. What is the most you can borrow?
    2. What will your monthly payment be on a 30 year loan?
    3. How much principal will you still owe after 8 years?

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