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You need a 1 0 year. Fixed rate mortgage to buy a new home for $ 2 0 0 , 0 0 0 . Your

You need a

10

year. Fixed rate mortgage to buy a new home for $

200, 000 .

Your mortgage. Will lend you the money. At a

6 %

APR. For a

. 10

year loan. You can only afford a down payment. Of $

40, 000 .

Write down the equation to calculate your monthly mortgage Equation

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