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You are thinking about buying a house, and you have one in mind that costs $ 6 0 0 , 0 0 0 . The

You are thinking about buying a house, and you have one in mind that costs $

600, 000 .

The bank is offering

6 %

loans and requires a

15 %

down payment.

What is the most you can borrow?

What will your monthly payment be on a

30

year loan?

How much principal will you still owe after

6

years?

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