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You can afford a $ 1 0 5 0 per month mortgage payment. You've found a 2 5 year loan at 8 % interest. Round
You can afford a $ per month mortgage payment. You've found a year loan at interest.
Round all values below to the nearest dollar.
How big of a loan can you afford?
$
How much total money will you pay the loan company?
$
How much of that money is interest?
$
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Financial Institutions Management
Authors: Anthony Saunders
3rd Edition
007303259X, 978-0073032597
