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You buy a home for $ 1 7 7 , 8 3 1 and put $ 1 1 , 4 5 9 down. You borrow
You buy a home for $ and put $ down. You borrow the remainder. The mortgage company also charges a loan and closing fee which you must also borrow. The interest rate is for years. Calculate the total cost of credit assuming you make the monthly payments for the full number of years.
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