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You plan to purchase a home for $140,000. You make a down payment of $32,000 and take a loan for the other $108,000. Interest is

You plan to purchase a home for $140,000. You make a down payment of $32,000 and take a loan for the other $108,000. Interest is accrued monthly and your payment is also monthly. The interest charged is .25% monthly (Typically worded 3% annually with monthly payments) How much is your monthly payment if the loan is for 20 years? How much is your payment if the loan is for 30 years?
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You plan to purchase a home for $140,000. You make a down payment of $32,000 and take a loan for the other $108,000. Interest is accrued monthly and your payment is also monthly. The interest charged is 25% monthly (Typically worded 3% amually with monthly payments) How much is your monthly payment if the loan is for 20 years? How much is your payment if the loan is for 30 years

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