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You plan to purchase an $ 8 0 , 0 0 0 house using a 1 5 - year mortgage obtained from your local bank.
You plan to purchase an $ house using a year mortgage obtained from your local bank. The mortgage rate offered to you is You will make a down payment of of the purchase price.
points Calculate your monthly payments on this mortgage.
points Calculate the amount of interest and, separately, the principal paid in the th payment.
points Calculate the amount of interest and separately, the principal paid in the th payment.
points Calculate the amount of interest paid over the life of this mortgage.
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