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Posted on Aug 29, 2024

You purchased a home for $ 3 2 0 , 0 0 0 . The loan requires a down payment of 2 5 % of

You purchased a home for $

320, 000 .

The loan requires a down payment of

25 %

of the purchase price. The rest will be borrowed through a

3.75 % (

CIA

)

amortized loan with annual payments for

15

years. what will the annual payment be on the loan?

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