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You have just purchased and have obtained a 30 - year , $200000 mortgage with an interest rate of 10 percent . Required: a. What

You have just purchased and have obtained a 30-year, $200000 mortgage with an interest rate of 10 percent. Required: a. What is your annual payment? b. ... for 30 year fixed-rate mortgages. You still have the old 10 percent mortgage you signed four years ago and you plan to live in the house for another five years. ...

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