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Posted on May 25, 2024

You want a 30-year, fied-rate mortgage to buy a new home for $250000. Your bank will lend you the money at 5.3 percent APR, compounded

You want a 30-year, fied-rate mortgage to buy a new home for $250000. Your bank will lend you the money at 5.3 percent APR, compounded monthly, for this 360 month loan. However, you can only afford mo...

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