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You purchase a home for $387,000, by making a down payment of 20% and financing the remaining amount with a 20-year mortgage. Your mortgage has
You purchase a home for $387,000, by making a down payment of 20% and financing the remaining amount with a 20-year mortgage. Your mortgage has an annual percentage rate of 6.75%, compounded monthly. Determine your monthly mortgage payment. Round your answer to the nearest cent. Monthly Mortage Payment = $ = G- You want to save up $2,650 to buy new kitchen cabinets. You want to pay in cash, so you make weekly deposits into a savings account earning 2.7% APR, compounded weekly. How much do your weekly deposits need to be in order to save up the $2,650 in seven years? Round your answer to the nearest cent. The weekly deposits need to be $ C
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