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You have decided to buy a new house 3 years from now. The current price of the house is $155,490.77, and the price is expected
You have decided to buy a new house 3 years from now. The current price of the house is $155,490.77, and the price is expected to rise by 5% per year until you are ready to buy it. The bank is requiring a 10% down payment on the house. Assuming no closing costs, how much will you have to borrow from the bank to buy the house? Multiple Choice O $139,941.69 O $180,000.00 $155.490.77 o o $162,000.00
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