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You plan to purchase a $260,000 house using either a 30-year mortgage obtained from your local savings bank with a rate of 7.00 percent, or

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You plan to purchase a $260,000 house using either a 30-year mortgage obtained from your local savings bank with a rate of 7.00 percent, or a 10-year mortgage with a rate of 6.20 percent. You will make a down payment of 15 percent of the purchase price. (no comma sperator, do not round intermediate Assume you make fixed monthly payment over 360 month, your total payment on the 30-year mortgage will be $ calculations. Round your answers to 2 decimal places. e.g. 32.16) Numeric Response

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